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

"Oracle Project Management Cloud 2021 Implementation Essentials", also known as 1Z0-1057-21 exam, is a Oracle Certification. With the complete collection of questions and answers, Pass4sureCert has assembled to take you through 93 Q&As to your 1Z0-1057-21 Exam preparation. In the 1Z0-1057-21 exam resources, you will cover every field and category in Project Financials Management Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Updated on: Sep 06, 2026
  • No. of Questions: 93 Questions & Answers

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  • Updated on: Sep 06, 2026
  • No. of Questions: 93 Questions & Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Project Management Cloud Setup and Configuration- Project Types and Templates Configuration
- Enterprise Project Structure (EPS) and Project Setup
Project Execution and Control- Resource Assignment and Utilization
- Task Management and Scheduling
- Progress Tracking and Reporting
Project Financial Management- Revenue Recognition Basics
- Budgeting and Forecasting
- Cost Management and Control
Reporting and Analytics- Project Performance Reporting
- OTBI and Dashboard Usage
Integration and Configuration- Integration with Oracle Financials Cloud
- Integration with Oracle HCM Cloud
Security and Data Access- Role-Based Access Control
- Project Security Configuration

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

  • A. 1000
  • B. 800
  • C. 900
  • D. 600
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

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

Correct Answer: C  🗳️

What are three configuration items that you need to set up by using the Project Organizationsfunctional area in Project Financial Management configurations? (Choose three.)

  • A. Manage Project Unit Options
  • B. Manage Project Unit Organizations
  • C. Manage Project Organization Classifications
  • D. Mange Project Types
  • E. Mange Business Unit
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

You havedefined two expenditure types, but they are not available for selection when youenter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

  • A. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
  • B. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
  • C. The two expenditure types are not assigned to the reference data set that is assigned to theproject unitin which the transaction is performed.
  • D. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

You have four resources in your organization: P, Q,R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose thebest answer.)

  • A. R
  • B. P
  • C. S
  • D. Q
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

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