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Oracle Project Financials Management Cloud 1Z0-1057-23

1Z0-1057-23

Exam Code: 1Z0-1057-23

Exam Name: Oracle Project Management Cloud 2023 Implementation Professional

Updated: Jul 25, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook
Topic 2: Resource Management10%- Configure enterprise resource setup
- Manage resource allocation and utilization
Topic 3: Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
- Configure cross-charging, transfer pricing
Topic 4: Project Planning, Control and Forecasting15%- Set up project controls and performance tracking
- Manage project schedules and progress
- Define project budgets and forecasts
Topic 5: Project Management Cloud Overview and Common Configuration15%- Manage security, roles, duties and user experience
- Set up calendars, periods, rate schedules, transaction sources
- Configure enterprise settings, reference data sharing
- Describe architecture and components
Topic 6: Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Topic 7: Project Costing20%- Configure cost collection, allocations, burdening
- Set up budgetary controls and cost controls
- Integrate with Time and Labor

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A) Transaction Source Options
B) Import Options
C) Document Options
D) Document Entry Options


2. As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

A) attributes that the project enterprise resources are assigned after creation
B) Pool Membership
C) Jobs
D) Person Type


3. You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule.

A) Accounting Calendar
B) Workday Patterns
C) Expenditure Type
D) Exceptions
E) Time Off


4. Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

A) Project Organization Cost Center Segment
B) Expenditure Organization Cost Center Segment
C) Expenditure Business Unit Cost Center Segment
D) Event Organization Cost Center Segment


5. Your customer has a requirement to allow adjustment and reversals for transactions imported from an external expense entry system.
Which section on the Manage Project Transaction Sources page will allow you to enable these options?

A) Transaction Source
B) Documents
C) Transaction Entries
D) Document Entries


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: C

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