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

Updated: Oct 18, 2026
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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
- Configure cross-charging, transfer pricing
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
Functional Setup Manager and Implementation10%- Use Rapid Implementation Workbook
- Configure and manage implementation projects
Project Management Cloud Overview and Common Configuration15%- Describe architecture and components
- Configure enterprise settings, reference data sharing
- Set up calendars, periods, rate schedules, transaction sources
- Manage security, roles, duties and user experience
Project Planning, Control and Forecasting15%- Set up project controls and performance tracking
- Define project budgets and forecasts
- Manage project schedules and progress

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question #1

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.
Which three are parameters that are based on which the system identifies the new resources?

  • A. Organization
  • B. Business Unit
  • C. Project Unit
  • D. Department
  • E. Jobs
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Which three features are part of Oracle Fusion Functional Setup Manager?

  • A. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
  • B. export and import services for setup data migration between environments
  • C. feature opt-in for a best fit configuration
  • D. modifying an existing implementation project task list by selecting more functional areas when needed
  • E. guided task list for end-to-end setup requirements
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?

  • A. Define Two Business Units and Two Project Units
  • B. Define One Business Unit and Three Project Units
  • C. Define Two Business Units and One Project Unit
  • D. Define One Business Unit and Two Project Units
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

  • A. Project Manager
  • B. Project Administrator
  • C. Project Application Administrator
  • D. Project Accountant
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

  • A. Create a revenue method classification with a revenue method of Percent Spent.
  • B. Create a revenue method classification with a revenue method of Percent Complete.
  • C. Create a revenue method with a revenue method classification of Amount Based.
  • D. Create a revenue method with a revenue method classification of Rate Based.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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