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: Oct 02, 2026
  • Q&As: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Functional Setup Manager and Implementation10%- Use Rapid Implementation Workbook
- Configure and manage implementation projects
Topic 2: Resource Management10%- Configure enterprise resource setup
- Manage resource allocation and utilization
Topic 3: Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Topic 4: Project Management Cloud Overview and Common Configuration15%- Configure enterprise settings, reference data sharing
- Set up calendars, periods, rate schedules, transaction sources
- Describe architecture and components
- Manage security, roles, duties and user experience
Topic 5: Project Costing20%- Integrate with Time and Labor
- Configure cost collection, allocations, burdening
- Set up budgetary controls and cost controls
Topic 6: Project Billing and Revenue Management20%- Configure cross-charging, transfer pricing
- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
Topic 7: Project Planning, Control and Forecasting15%- Define project budgets and forecasts
- Set up project controls and performance tracking
- Manage project schedules and progress

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question #1

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem.

  • A. Pending burden summarization items have not been processed.
  • B. Unaccounted transactions have not been swept to the next period.
  • C. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
  • D. The corresponding Oracle Payables Cloud accounting period has not been closed.
  • E. Unaccounted transactions are not imported.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

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

Correct Answer: B  🗳️

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Question #3

Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

  • A. Expenditure Organization Cost Center Segment
  • B. Expenditure Business Unit Cost Center Segment
  • C. Event Organization Cost Center Segment
  • D. Project Organization Cost Center Segment
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

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

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

Correct Answer: A  🗳️

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Question #5

You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "The search for resources cannot be completed because the project resource search index is not available. Contact your help desk." Identify the cause for this error message. (Choose the best answer.)

  • A. The most recent update of the index finished successfully.
  • B. The index is not in the process.
  • C. The index is in the process of being updated.
  • D. The index has been built.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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