Oracle 1Z0-1057-21 : Oracle Project Management Cloud 2021 Implementation Essentials

  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Sep 11, 2026     Q & A: 93 Questions and Answers

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Following are some reference material for actual Oracle 1Z0-1057-21 exam test

Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Invoice Generation
  • 2. Billing Events
  • 3. Revenue Recognition
Topic 2: Project Foundation Setup- Project Units
  • 1. Implementation Options
  • 2. Business Units
  • 3. Reference Data Sets
Topic 3: Project Execution Management- Project Planning
  • 1. Resource Assignments
  • 2. Work Plans
  • 3. Task Management
- Project Control
  • 1. Performance Reporting
  • 2. Budgets
  • 3. Forecasts
Topic 4: Resource Management- Resource Structures
  • 1. Resource Calendars
  • 2. Resource Requests
  • 3. Project Staffing
Topic 5: Security and Implementation Tools- Implementation Utilities
  • 1. Rapid Implementation Spreadsheets
  • 2. Setup Data Migration
  • 3. Functional Setup Manager
- Security Configuration
  • 1. Project Roles
  • 2. Data Access Security
Topic 6: Project Financial Management Setup- Financial Structures
  • 1. Expenditure Types
  • 2. Expenditure Categories
  • 3. Transaction Sources
- Project Types and Templates
  • 1. Project Roles
  • 2. Project Classes
  • 3. Project Statuses
Topic 7: Project Cost Management- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
- Cost Collection and Processing
  • 1. Expense Management Integration
  • 2. Supplier Cost Processing
  • 3. Cost Transactions

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

  • A. OnHold > Pending Acceptance > Active
  • B. Pending Approval > Pending Acceptance > Active
  • C. On Hold > Pending Approval > Active
  • D. Pending Acceptance > Pending Approval > Active
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

You are now the project manager of a newly created implementation project. Which two items arenotpart of managing an implementation project?

  • A. Monitor the progress of completing setup tasks.
  • B. Generate a list of setup tasks.
  • C. Select the offering you want to implement.
  • D. Assign tasks to various users who are responsible for managing setup data.
  • E. Enable optional functional areas and features by opting in.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Question #3

Which two statements describe how the Resource Qualification Score is calculated?

  • A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiencythat is lower or higher than specified.
  • B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
  • C. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
  • D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Question #4

Whichfivesteps are required for the File-Based Data Import Integration option?

  • A. Upload the file to the server.
  • B. Install an Excel add-in.
  • C. Download an Excel template.
  • D. Import data into various applications.
  • E. Populate the spreadsheet with data and generate a CSV file.
  • F. Run Process to transfer data to interface tables.
Reveal Solution  Discussion  0

Correct Answer: A,B,C,E,F  🗳️

Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).

Question #5

Which two statements are true about the cross-charge method, Borrowed and Lent?

  • A. This method creates a formal internal invoice.
  • B. This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
  • C. You must set up the contract business unit to use this method.
  • D. Costs or revenue are shared based on transfer price rules with this method.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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