Top Tips Of Renovate 1z0-1057 Free Practice Questions

NEW QUESTION 1
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

• A. If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
• B. If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
• C. If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.
• D. If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-financial

NEW QUESTION 2
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

• A. Departments
• B. Expenditure Types
• C. Project Templates
• D. Project Types

Answer: ABD

NEW QUESTION 3
Which setup option is common to both financial and project plan types?

• A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
• B. Enable the entry of plan amounts in currencies other than the project currency.
• C. Identify whether the plan type is the default selection when you create budget or forecast versions.
• D. Enable the use of a workflow for managing budget or forecasting status changes.

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-configuration-m
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.

NEW QUESTION 4
You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Which two steps should be completed before you can access the "Create Infolet" option?

• A. You must activate Page Composer.
• B. You should be on the Project Custom Objects page.
• C. You must be in an active sandbox.
• D. You should enable the "Create Infolet" option from the Personalize Springboard page.

Answer: AC

Explanation:
Ref:
https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEXT16

NEW QUESTION 5
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)

• A. Project Manager Template for Project Organization Security
• B. Project Administrator Template for Project Organization Security
• C. Project Creator Template for Project Organization Security
• D. Project Accountant Template for Project Organization Security
• E. Project Billing Specialist Template for Project Organization Security

Answer: BC

Explanation:
Reference
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl
Ref to “Securing Project Financial Management and Grants Management Applications”
Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.
Enterprise Role
Work Area or Dashboard Data Security Based On Project Accountant
Asset
Project business unit Project Accountant Costs
Project expenditure business unit Project Accountant
Revenue
Contract business unit
Project Administrator
Project Financial Management Project business unit
Project organization Project Billing Specialist Invoices
Contract business unit Project Creator
Project Financial Management Project business unit
Project organization Project Management Duty
Project Management Infolet Dashboard Project assignment
Project Management Duty Project Performance Dashboard Project assignment
Project Manager
Project Management Infolet Dashboard Project assignment
Project Manager
Project Performance Dashboard Project assignment
Project Manager Project Management Project assignment
Project Manager
Project Manager Dashboard Project assignment
Project Team Member
Project Financial Management Project assignment
Grants Accountant Invoices
Contract business unit Grants Accountant Revenue
Contract business unit Grants Administrator Awards
Contract business unit Grants Administrator Contracts
Contract business unit Grants Administrator
Project Financial Management Project business unit
Principal Investigator Awards
Award assignment Principal Investigator
Contracts
Award assignment Principal Investigator
Project Financial Management Project assignment

NEW QUESTION 6
Which three are true of what you can do in the Project Requirements work area?

• A. Create an implementation project.
• B. Organize backlog items by requirements.
• C. Create an execution project.
• D. Create project tasks for backlog items.
• E. Manage your list of backlog items.

Answer: BDE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.ht
Project Requirements: Explained
Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.
You use the Project Requirements work area to:
Organize backlog items by requirements
Manage your list of backlog items
Create project tasks for backlog items

NEW QUESTION 7
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program’s processing summary is as follows: Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0 Ineligible Contract Lines 0
Billing Transaction Exception Errors 0 Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0 Ineligible Associated Projects 0 Successful Billing Transactions 0 Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0 Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

• A. Amount Based
• B. Rate Based
• C. As Incurred
• D. Percent Complete

Answer: A

Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm

NEW QUESTION 8
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)

• A. Project Executive- Security based on Project Hierarchy
• B. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
• C. Project Manager- Security based on Project Assignment
• D. Project Billing Specialist- Security based on Contract BU
• E. Project Team Member- Security based on Project Assignment

Answer: CE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl

NEW QUESTION 9
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)

• A. The “Require Task Managers to be Project Team Members” profile option is set to No.
• B. The “Require Task Managers to be Project Team Members” profile option is set to Yes.
• C. The quality manager belongs to a department that is not associated with the project.
• D. The quality manager is not assigned with a supervisor.

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfo

NEW QUESTION 10
Your organization has been awarded a new contract based on which you are allowed to 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 “free-form, project-based buy agreement” and “bundle sell, project-based”.
• B. Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, 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, item, project-based’ and “subscription, project-based, sell”.

Answer: B

NEW QUESTION 11
Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.
What are three conditions for new employees to show up in the list? (Choose three.)

• A. Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.
• B. All new employees created as persons must have an active supervisor.
• C. All new employees created as persons must be assigned to a department.
• D. All new employees created as persons must have an active assignment.
• E. All new employees created as persons must have an active project role.

Answer: ACD

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio
Why can't I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?
You can't find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations:
The administrator didn't assign a department while creating users. Persons must have an active assignment and be assigned to a department in Oracle Fusion Human Capital Management before they can be added as team members or entered as resources on the planning resource breakdown structure or person rate schedule.
The resource isn't active in Oracle Fusion Human Capital Management because the current date is before the effective date of the resource. If you want to include persons who will start in the future, select the Include people with future-dated effective start dates option when you search for the person.
Persons assigned as project managers aren't active as of the project start date.
The assignment of the person is terminated, and an appropriate value isn't set for the number of days to display people with terminated assignments. You can set the profile value appropriately at the site profile level using the Specify Number of Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

NEW QUESTION 12
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)

• A. Accounting Method
• B. Journal Rules
• C. Supporting References
• D. Accounting Rule
• E. Mapping Sets

Answer: C

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357
Assignment of Supporting References
Supporting references may be used to capture transaction values on journal entry lines. A supporting reference can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry rule set.
Creating Supporting References: Explained
Supporting references are used to store additional source information about a subledger journal entry at the line level.
Supporting references with balances establish subledger balances for a particular source and account for a particular combination of supporting references plus the account combination.
For example:
If a journal line contains a supporting reference that includes two sources, Customer Type and Customer Name.
Balances are created for the account combination, plus customer name and customer type. Examples of how you may want to use supporting reference balances are to:
Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with transaction and reference attributes.
Create balances by dimensions not captured in the chart of accounts.
Reporting using dimensions not captured in the chart of accounts.
Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals.
Profit and loss balances by dimensions not captured in the chart of accounts
Define supporting references to hold additional supporting information for detailed account balance maintenance or reconciliation and reporting requirements.

NEW QUESTION 13
Which three features are part of Oracle Fusion Functional Setup Manager?

• A. feature opt-in for a best fit configuration
• B. export and import services for setup data migration between environments
• C. guided task list for end-to-end setup requirements
• D. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
• E. modifying an existing implementation project task list by selecting more functional areas when needed

Answer: ABC

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-func Functional Setup Manager offers the following:
• Standardized application configuration and setup experience
• Feature opt-in for a best fit configuration
• Flexible processes for managing setup:
Setup by functional areas for an adopt-as-you-go approach Implementation projects to manage setup
Upload file to enter setup data in bulk
• Guided task list for end-to-end setup requirements
• Export and import services for setup data migration between environments
• Comprehensive reporting on setup data

NEW QUESTION 14
You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

• A. On Hold > Pending Acceptance > Active
• B. On Hold > Pending Approval > Active
• C. Pending Approval > Pending Acceptance > Active
• D. Pending Acceptance > Pending Approval > Active

Answer: C

Explanation:
Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm Topic - Contract Actions and Status Changes: Explained

NEW QUESTION 15
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio 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. Identify the two correct statements in this respect. (Choose two.)

• 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.

Answer: CD

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/define-project-deliverables.html
Associate deliverables with one or many tasks or requirements at any level. Associate existing deliverables to tasks or requirements or create deliverables directly for tasks or requirements. You can delete a deliverable in New status if it is not associated with tasks or requirements.
Can deliverables for projects and tasks be inherited from associated requirements?
No. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
You associate a deliverable with a task, independent of associating a requirement with a task.

NEW QUESTION 16
Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)

• A. project time validation rules
• B. time calculation rules
• C. time entry rules
• D. time audit rules

Answer: C

NEW QUESTION 17
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.
Which three are parameters that are based on which the system identifies the new resources?

• A. Department
• B. Project Unit
• C. Jobs
• D. Business Unit
• E. Organization

Answer: CDE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-execution

NEW QUESTION 18
You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

• A. There is no expenditure type information available on the distribution set line.
• B. There is no expenditure organization information available on the distribution set line.
• C. There is no expenditure item date information available on the distribution set line.
• D. The account code combination is not available on the distribution set line.

Answer: C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing-configuration-de
How can I validate distribution sets for projects information?
Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.
Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls. When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an expenditure item date, which is required for transaction control validation. The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.

NEW QUESTION 19
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

• A. Enable track missing time at project unit.
• B. Enable track missing time at project type.
• C. Enable track missing time at project template.
• D. Enable track missing time at business unit.

Answer: A

NEW QUESTION 20
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

• A. Exceptions
• B. Accounting Calendar
• C. Workday Patterns
• D. Time Off
• E. Expenditure Type

Answer: AC

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm

NEW QUESTION 21
Which four notification templates are predefined?

• A. Password Reset Template
• B. New Account Template
• C. Forgot Password Template
• D. Forgot Username Template
• E. New Account Manager Template

Answer: ABDE

Explanation:
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154
Predefined Notification Templates Notification Template
Description
Password Expiry Warning Template
Warns the user that a password is expiring soon and provides instructions for resetting the password. Password Expiration Template
Notifies the user that a password has expired and provides instructions for resetting the password. Forgot User Name Template
Sends the user name to a user who requested the reminder. Password Generated Template
Notifies the user that a password has been generated automatically and provides instructions for resetting the password.
Password Reset Template
Sends a reset-password link to a user who requested a new password.
Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Confirmation Template
Notifies the user when a password has been reset. New Account Template
Notifies a user when a user account is created and provides a reset-password link. New Account Manager Template
Notifies the user's manager when a user account is created.
When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.

NEW QUESTION 22
After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

• A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
• B. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
• C. A scope value is used to assign users who can perform a task within an implementation project.
• D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.

Answer: AD

Explanation:
Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426

NEW QUESTION 23
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

• A. The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
• B. For the three conditions that have the same process order value of 10, the records are processed inascending alphabetic order based on the condition name.
• C. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
• D. The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: BD

NEW QUESTION 24
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

• A. work type
• B. event type
• C. cost type
• D. expenditure type

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what’s a work type?)
In billing, you can use work types to classify work for the following purposes:
To determine the default billable status of expenditure items.
To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.
When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.

NEW QUESTION 25
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