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

  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Updated: Sep 05, 2026
  • Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Integration and Configuration- Integration with Oracle HCM Cloud
- Integration with Oracle Financials Cloud
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
Security and Data Access- Project Security Configuration
- Role-Based Access Control
Reporting and Analytics- Project Performance Reporting
- OTBI and Dashboard Usage
Project Financial Management- Budgeting and Forecasting
- Revenue Recognition Basics
- Cost Management and Control

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Yourcustomer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

  • A. Calendar Types
  • B. Accounting Periods
  • C. PA Calendar
  • D. Project Accounting Periods
  • E. PA-GL Periods
Answer: B,D

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

Question #2

Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these classcategories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

  • A. Class categoriesshould beassignedtoproject type.
  • B. Class codes should be assigned to project unit.
  • C. Class categories should be assigned to business unit.
  • D. Class codesshould beassociated
Answer: A,D

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

Question #3

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

  • A. project classification
  • B. expenditure item
  • C. resource
  • D. project plan type
  • E. project
Answer: C,E

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

Question #4

You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
AssociatedProject Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

  • A. USD 184
  • B. USD 70
  • C. USD 134
  • D. USD 120
Answer: B

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

Question #5

While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

  • A. project classification
  • B. project organization
  • C. project type
  • D. project unit
Answer: C

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

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