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

  • Exam Code: 1Z0-1057-23
  • Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
  • Updated: Sep 23, 2026
  • Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

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

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question #1

Which two statements describe how the Resource Qualification Score is calculated?

  • A. An individual,s score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
  • B. An individual,s score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
  • C. An individual,s score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.
  • D. An individual,s score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Which three are part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

  • A. Upload setup data.
  • B. Import Projects.
  • C. Prepare setup data.
  • D. File Import and Export.
  • E. Generate CSV files.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

  • A. Capital Rate Schedule
  • B. Project Templates
  • C. Project Tasks
  • D. Project Budgets
  • E. Project Billing Events
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario?

  • A. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
  • B. The association of a deliverable with a task is dependent on associating a requirement with a task.
  • C. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
  • D. You associate a deliverable with a task independent of associating a requirement with a task.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario.

  • A. Both the contract lines create only a single invoice because they are using the same contract.
  • B. Bill set number drives the grouping of transactions.
  • C. Two invoices are created using the same contract.
  • D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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