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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: Aug 07, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Management- Manage project execution
  • 1. Issues and deliverables
  • 2. Project gates
  • 3. Application Composer usage
  • 4. Project requirements
Topic 2: Navigation, User Experience, Personalization, and Approvals- Manage approvals and workflows
  • 1. Configure approval tasks
  • 2. Set up notifications
- Describe user experience features
  • 1. Navigation concepts
  • 2. Personalization options
Topic 3: Project Foundation- Configure foundational project structures
  • 1. Rate schedules
  • 2. Transaction sources
  • 3. Project resources
  • 4. Project calendars and periods
  • 5. Project types
Topic 4: Functional Setup Manager- Configure implementation setup
  • 1. Functional Setup Manager usage
  • 2. Rapid Implementation Workbook
Topic 5: Program Management- Manage programs and reporting
  • 1. Program setup
  • 2. Program reporting
Topic 6: Project Management Overview- Describe the components of Oracle Project Management Cloud
  • 1. Explain available integrations
  • 2. Understand project management architecture
Topic 7: Project Control- Manage project planning and forecasting
  • 1. Project budgets
  • 2. Forecast management
Topic 8: Applications Security- Manage security configuration
  • 1. Roles and duties
  • 2. Applications Security Console
Topic 9: Project Billing- Configure project billing and revenue
  • 1. Revenue management
  • 2. Cross charging
  • 3. Transfer pricing
  • 4. Project invoicing
Topic 10: Project Costing- Manage project costing configuration
  • 1. Allocations
  • 2. Cost collection center
  • 3. Burdening
  • 4. Time and labor integration
  • 5. Budgetary controls
Topic 11: Project Performance Reporting- Configure reporting and KPI tracking
  • 1. Project reporting configuration
  • 2. Performance KPIs
Topic 12: Common Project Configuration- Configure enterprise project settings
  • 1. Reference data sharing
  • 2. Project Financial Management organizations
  • 3. Subledger Accounting
Topic 13: Project Resource Management- Configure resource management
  • 1. Resource allocation
  • 2. Enterprise labor resources

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects.
Identify three conditions that must be met for exporting milestone tasks.
(Choose three.)
Response:

A) percent work complete values of 0 or 100 percent
B) only one labor resource assignment with 100 effort
C) lowest-level tasks set up with zero duration
D) lowest-level tasks set up with non-zero duration
E) only one labor resource assignment with 0 effort


2. Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management.

A) project plan type
B) expenditure item
C) project
D) project classification
E) resource


3. Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security.

A) Project Creator Template for Project Organization Security
B) Project Manager Template for Project Organization Security
C) Project Billing Specialist Template for Project Organization Security
D) Project Accountant Template for Project Organization Security
E) Project Administrator Template for Project Organization Security


4. While opening an organization tree on the Manage Organization Trees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status.

A) You selected the Edit icon for opening the hierarchy.
B) You used Create Tree in the action menu.
C) You used View Tree Version in the action menu.
D) You opened the hierarchy by clicking the name.
E) You used Create Tree Version in the action menu.


5. You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem.

A) The organization is not classified as a project expenditure organization.
B) The organization is not classified as a project-owning organization.
C) The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
D) The organization is classified as a project unit.


Solutions:

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

1Z0-1057-23 Related Exams
1z0-1057-20 - Oracle Project Management Cloud 2020 Implementation Essentials
1z0-1057-20-JPN - Oracle Project Management Cloud 2020 Implementation Essentials (1z0-1057-20日本語版)
1z0-1057-25 - Oracle Project Management Cloud 2025 Implementation Professional
1Z0-1057-21 - Oracle Project Management Cloud 2021 Implementation Essentials
1z0-1057-24 - Oracle Project Management Cloud 2024 Implementation Professional
1Z0-1057-23 - Oracle Project Management Cloud 2023 Implementation Professional
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