Oracle Project Management Cloud 2023 Implementation Professional : 1Z0-1057-23

  • Exam Code: 1Z0-1057-23
  • Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
  • Updated: Jul 29, 2026
  • Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
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
Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Configure cross-charging, transfer pricing
- Manage contract billing and revenue accounting
Project Planning, Control and Forecasting15%- Define project budgets and forecasts
- Manage project schedules and progress
- Set up project controls and performance tracking
Resource Management10%- Manage resource allocation and utilization
- Configure enterprise resource setup
Project Costing20%- Set up budgetary controls and cost controls
- Integrate with Time and Labor
- Configure cost collection, allocations, burdening
Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Functional Setup Manager and Implementation10%- Configure and manage implementation projects
- Use Rapid Implementation Workbook

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A) Enable track missing time at project template.
B) Enable track missing time at project unit.
C) Enable track missing time at project type.
D) Enable track missing time at business unit.


2. Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)

A) Pre-approval activities
B) Persons with whom it is still pending approval
C) Date-wise updates to the document
D) Prior actions
E) Person assigned for approval


3. You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement?

A) Project Executive - Security based on Project Hierarchy
B) Project Manager - Security based on Project Assignment
C) Project Team Member - Security based on Project Assignment
D) Project Billing Specialist - Security based on Contract BU
E) Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue


4. Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

A) work type
B) cost type
C) event type
D) expenditure type


5. Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

A) Funding Source
B) Work Type
C) Billable Flag
D) Expenditure Type
E) Capitalizable Flag


Solutions:

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

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