Stigma consulting has been hired by a client to implement Project Management Cloud. Which role should they assign to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook?
Correct Answer: B
The Project Integration Specialist role should be assigned to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook. This role allows the user to access the Functional Setup Manager and perform the common setups for project costing and billing using predefined templates and spreadsheets. The user can also monitor and validate the setup data using reports and dashboards. Reference:https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/implement-project-financial-management-applications. html#OAPFM2356151
1z0-1057-24 Exam Question 2
You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)
Correct Answer: B,C
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf Chapter 3 - Define Project Organizations Page # 12 Topic - Selecting Organization Hierarchies for the Business Unit The following conditions are required for an organization to be eligible to be a project expenditure organization: * You must assign the Project Expenditure Organization classification to the organization. * The organization must belong to the hierarchy that you specify in the project implementation options for the business unit.
1z0-1057-24 Exam Question 3
Which setup option is common to both financial and project plan types?
Correct Answer: B
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control- configuration-manage-financial-and-project-plan-types.html#OAPFM75315 Financial and Project Plan Setup Options The following table describes the basic budget, forecast, or project plan setup options that determine how a plan type is used in the context of a project. Except for third-party scheduling, you can't edit these options at the project level. Option Location Description Planning amounts Financial plan type Indicates that the financial plan type supports the creation of versions with the following amounts: * Cost amounts * Revenue amounts * Both cost and revenue amounts * Either cost or revenue amounts Approved budget or primary forecast Financial plan type Determines whether a financial plan type is used for creating approved budget versions or primary forecast versions that are used for plan comparison or project performance reporting. Default financial plan type Financial plan type Determines whether the financial plan type is the default selection when you create budget or forecast versions. Workflows Financial plan type Enables the use of a workflow for managing budget or forecast status changes. Third-party scheduling software Project plan type Indicates whether project planning is performed in Microsoft Project. If third-party scheduling is disabled in the project plan type, you can use the associated project or project template to create a project in Microsoft Project. However, you can't export the new project or link it to one created in Oracle Fusion Project Portfolio Management. Multiple transaction currencies Financial and project plan type Enables entry of plan amounts in currencies other than the project currency. Budgetary control settings Financial plan type Manages options for creating control budgets in Oracle Fusion Budgetary Control.
1z0-1057-24 Exam Question 4
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)
Correct Answer: D
Reference: https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm Manage Project Enterprise Labor Resource Maintenance Conditions Project Enterprise Labor Resources: How They Are Automatically Created and Maintained Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index. Settings That Affect the Maintain Project Enterprise Labor Resources Process Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources. The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources. Selection Criteria Description Person type Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, orboth employees and contingent workers. Option to select people based on job Select this option for the process to create resources for HCM persons with specific jobs. CautionIf you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type. Jobs If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria. The following table lists the attributes for which you specify values to assign to resources that are created for the condition. Resource Attribute Description Option to manage resource availability and staffing Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests. Calendar Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays. Primary project role Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management. Cost rate and currency Enter the cost rate and currency for resources that are created based on the condition. Bill rate and currency Enter the bill rate and currency for resources that are created based on the condition.
1z0-1057-24 Exam Question 5
Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?
Correct Answer: A,C,D
https://docs.oracle.com/applications/farel12/projectop_gs/OAPFM/OAPFM2264569.htm#OAPFM2159921 Configuring Rapid Implementation: Procedure Project application administrators can use the rapid implementation feature to set up the Project Financial Management offering. Use the Rapid Implementation for Project Financial Management Applications macro- enabled Microsoft Excel spreadsheet to enter setup data and generate the ProjectsWorkbook.zip. Upload this . zip file to the Setup and Maintenance work area. When the upload completes, the offering is configured based on the setup information that you provide. Perform the following steps to configure rapid implementation for the Project Financial Management offering: * Prepare setup data. * Generate CSV files. * Upload setup data. * Correct errors, if any, and reload the data.
