Free Practice Questions for Oracle 1z0-1057-24 Exam

Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are:

Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute.

Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes.

Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355971

Ref:https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser /implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867

Application Composer is a tool that allows you to configure standard objects or create custom objects to include business specific attributes for Project Execution Management. Four of the standard objects that you can configure using Application Composer are:

Project Gates: These are checkpoints that mark the completion of a phase or stage in a project lifecycle.

Project Issues: These are problems or risks that affect the progress or outcome of a project.

Project Milestones: These are significant events or achievements that indicate the status or completion of a project or task.

Project Deliverables: These are products or services that are produced or provided as part of a project or task. Project Resource Request and Project Resource Assignment are not standard objects that you can configure using Application Composer. These are features that allow you to request and assign resources for projects and tasks based on various criteria such as availability, qualifications, preferences, etc. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356201

Ref:https://docs.oracle.com/en/cloud /saas/project-portfolio-management/19a/oapem/analyze-project-management-performance.html#OAPEM1313471

Topic - Project Labor Demand: How It's Calculated

Settings That Affect Project Labor Demand

Project application administrators must do the following to set up how project labor demand is calculated:

Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.

Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.

Note: You can choose to view labor demand annually instead of quarterly.The Project Hierarchy Viewer uses thecurrent dateto determine which year or quarter to display.

Referencehttps://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM30945 43

Topic - Manage Project Unit Organizations

Referencehttps://docs.oracle.com/clou d/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

Ref:https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA3124477

Topic Approval Groups

Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.

You have two options for defining the group:

Static: Select the specific users to include in the group.

Dynamic: Provide the logic to use to determine the users in the group.

https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-a pplications-security.html#OSCUS2287154

Predefined Notification Templates

Notification Template

Description

Password Expiry Warning Template

Warns the user that a password is expiring soon and provides instructions for resetting the password.

Password Expiration Template

Notifies the user that a password has expired and provides instructions for resetting the password.

Forgot User Name Template

Sends the user name to a user who requested the reminder.

Password Generated Template

Notifies the user that a password has been generated automatically and provides instructions for resetting the password.

Password Reset Template

Sends a reset-password link to a user who requested a new password.

Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).

Password Reset Confirmation Template

Notifies the user when a password has been reset.

New Account Template

Notifies a user when a user account is created and provides a reset-password link.

New Account Manager Template

Notifies the user's manager when a user account is created.

When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.

You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.

Ref:https://docs.oracle.com/en/cloud/saas/project-portfoli o-management/19b/oapjb/manage-project-contract-revenue.html#OAPJB164173

Associated Project Percent Spent Example

The following formula calculates the percent spent revenue for the associated project.

((Sum of ITD Actual Cost for every subtask that is part of the associated task/Sum of Total Budgeted cost for every task that is part of associated task)

xAssociated Project Funded Amount) – Sum of Existing Invoice Event Amounts for the Associated Project

((60/300) x750) – 80 =70

((Actual Cost / Budgeted Cost) x Budgeted Revenue) – Sum of Revenue Event Amount