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  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Sep 10, 2026
  • Q & A: 93 Questions and Answers
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  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Resource Management- Resource Structures
  • 1. Resource Requests
  • 2. Resource Calendars
  • 3. Project Staffing
Topic 2: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Revenue Recognition
  • 2. Invoice Generation
  • 3. Billing Events
Topic 3: Security and Implementation Tools- Security Configuration
  • 1. Data Access Security
  • 2. Project Roles
- Implementation Utilities
  • 1. Rapid Implementation Spreadsheets
  • 2. Setup Data Migration
  • 3. Functional Setup Manager
Topic 4: Project Execution Management- Project Planning
  • 1. Work Plans
  • 2. Resource Assignments
  • 3. Task Management
- Project Control
  • 1. Performance Reporting
  • 2. Budgets
  • 3. Forecasts
Topic 5: Project Foundation Setup- Project Units
  • 1. Business Units
  • 2. Reference Data Sets
  • 3. Implementation Options
Topic 6: Project Financial Management Setup- Financial Structures
  • 1. Expenditure Types
  • 2. Expenditure Categories
  • 3. Transaction Sources
- Project Types and Templates
  • 1. Project Statuses
  • 2. Project Classes
  • 3. Project Roles
Topic 7: Project Cost Management- Cost Collection and Processing
  • 1. Supplier Cost Processing
  • 2. Cost Transactions
  • 3. Expense Management Integration
- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Which three tools are available for accessing REST APIs?

  • A. cURL
  • B. Oracle Transactional Business Intelligence
  • C. Programming Language
  • D. Web Browser
Answer: A,C,D

Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).

Question #2

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

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

Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).

Question #3

Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China andadded a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

  • A. The China business unit is associated with a different legal entity than the US and UK business units.
  • B. The project accountant isnot assignedto the external rolethat grants access to the China business unit.
  • C. The US and UK business units are linked to different ledgers than the China business unit.
  • D. The application role relevant to the China business unit is not assigned to the project accountant.
Answer: B
Question #4

Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

  • A. Project Billing Events
  • B. Project Tasks
  • C. Project Budgets
  • D. Project Templates
Answer: A,B,C

Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).

Question #5

Your organization has been awarded a new contract based on which you are allowedto sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

  • A. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
  • B. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
  • C. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
  • D. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based
Answer: D

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