Oracle 1z0-1057-24 : Oracle Project Management Cloud 2024 Implementation Professional

  • Exam Code: 1z0-1057-24
  • Exam Name: Oracle Project Management Cloud 2024 Implementation Professional
  • Updated: Oct 24, 2026
  • Q & A: 128 Questions and Answers

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About Oracle 1z0-1057-24 Exam

Careers move on informed choices. Choosing Prep4away for Oracle Project Management Cloud 2024 Implementation Professional means 128 practice questions for the 1z0-1057-24 exam — valid, current, and built to raise what you're capable of.

Oracle 1z0-1057-24 Exam Syllabus Topics:

SectionObjectives
Resource Management- Manage project resources
  • 1. Utilization tracking
  • 2. Resource requests
  • 3. Staffing and assignment management
Project Foundation Setup- Configure enterprise structures
  • 1. Project unit configuration
  • 2. Business units and legal entities
  • 3. Implementation and security setup
Project Execution Management- Project performance tracking
  • 1. Performance reporting
  • 2. Budgetary control
  • 3. Progress and forecast management
- Project planning and scheduling
  • 1. Project plan types
  • 2. Resource planning
  • 3. Task structures and milestones
Reporting and Analytics- Use reporting tools
  • 1. OTBI reporting
  • 2. Project analytics
  • 3. Dashboard configuration
Project Financial Management- Configure project billing
  • 1. Revenue generation
  • 2. Contract and funding management
  • 3. Billing events and invoice methods
- Configure project costing
  • 1. Burden schedules and expenditure types
  • 2. Cost allocation methods
  • 3. Cost transaction processing
Program and Portfolio Management- Manage programs and portfolios
  • 1. Portfolio analysis
  • 2. Strategic project alignment
  • 3. Program structures

Oracle 1z0-1057-24 Exam — Asked and Answered

Think of the 1z0-1057-24 exam as Oracle asking for proof, not promises: pass it, and you hold the Project Financials Management Cloud certification, a credential at the Professional level. The questions are built to measure applied skill across the Oracle Project Management Cloud 2024 Implementation Professional objectives — the kind employers hire for. It also sits within a broader certification family covering Oracle Project Management Cloud Certification, so one exam's effort keeps paying into the next.

The same 128 expert-written questions ship in all three — you're choosing how you want to live with the material:

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Each version has its own strengths; many candidates mix them — PDF for reading, an engine for timed rehearsal.

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The blueprint above spans 6 domains — treat its weightings as a budget. A domain worth of the score earns a matching share of your week, while lighter areas like Project Execution Management get maintained, not marathoned. Walk the full topic list domain by domain, and let the percentages decide where your practice hours land first.

Oracle Project Management Cloud 2024 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. (Choose two.)

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

Correct Answer: B,D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #2

You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity.Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)

  • A. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
  • B. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
  • C. A document entry such asstraight time must be enabledfor cross-charge transactions.
  • D. Transfer price basis must beRaw Costand calculation method must beBasis Only.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #3

Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

  • A. spread evenly
  • B. prorate
  • C. target percentage and spread evenly
  • D. target percentage and prorate
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #4

Identify thethreecontract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

  • A. Expenditure Type
  • B. Task
  • C. Projects
  • D. Contract Line
  • E. Contract Header
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Question #5

Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs.
Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)

  • A. Currencies
  • B. Calendar
  • C. Calculation Methods
  • D. Derivation Methods
  • E. Accounting Methods
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

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