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 1z0-1057-24 Dumps with Practice Exam Questions Answers

Questions: 126 Questions and Answers With Step-by-Step Explanation

Last Update: Oct 18, 2025

1z0-1057-24 Question Includes: Single Choice Questions: 64, Multiple Choice Questions: 62,

1z0-1057-24 Questions and Answers

Question # 1

What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

A.

Manage Project Unit Organizations

B.

Mange Business Unit

C.

Manage Project Organization Classifications

D.

Mange Project Types

E.

Manage Project Unit Options

Question # 2

Which two statements are true about the cross-charge method, Borrowed and Lent?

A.

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

B.

Costs or revenue are shared based on transfer price rules with this method.

C.

You must set up the contract business unit to use this method.

D.

This method creates a formal internal invoice.

Question # 3

You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.

What is the reason for this problem?

A.

The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

B.

The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

C.

The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

D.

The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

Question # 4

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A.

1000

B.

900

C.

800

D.

600

Question # 5

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 todefine deliverables for your project requirementsthat 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.

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Oracle 1z0-1057-24 Practice Exam FAQs

1. What is the Oracle 1Z0-1057-24 Exam all about?


The Oracle 1Z0-1057-24 exam, officially titled Oracle Project Management Cloud 2024 Implementation Professional, validates your expertise in implementing Oracle Project Management Cloud solutions. It’s designed for ERP professionals, project administrators, and power users who configure and manage project-related modules in Oracle Cloud.

2. What are the key topics covered in the Oracle 1Z0-1057-24 Exam?


The 1z0-1057-24 exam covers the following areas:

  • Project Management Overview

  • Navigation, User Experience, Personalization, and Approvals

  • Applications Security

  • Functional Setup Manager

  • Common Project Configuration

  • Project Foundation

  • Project Costing

  • Project Control

  • Project Billing

  • Project Performance Reporting

  • Project Management

  • Project Resource Management

  • Program Management

3. Who should take the Oracle 1Z0-1057-24 Exam?


The Oracle 1z0-1057-24 exam is ideal for professionals involved in Oracle Cloud ERP implementations, including project managers, consultants, and administrators who want to validate their skills in configuring and managing Oracle Project Management Cloud modules.

4. How many questions are there, what is the format, and how long is the 1z0-1057-24 Exam?


The Oracle 1z0-1057-24 exam combines both multiple-choice questions (MCQs) and hands-on/performance-based challenges. Specifically many sources say there are about 24 MCQs plus 3 hands-on challenge tasks. The total duration is 90 minutes.

5. What is the passing score for the Oracle 1Z0-1057-24 Exam?


The passing scores differ by section: you must achieve approximately 75% on the hands-on/performance challenges and around 68% on the multiple-choice portion.

6. What is the difference between Oracle 1z0-1057-24 and 1z0-1057-25 Exams?


The Oracle 1Z0-1057-24 exam is aligned with the 2024 release of Oracle Project Management Cloud, while the Oracle 1Z0-1057-25 exam corresponds to the 2025 release. Both cover the same core domains like project costing, billing, control, reporting, and resource management, but the newer 1Z0-1057-25 includes updates, features, and enhancements introduced in Oracle Cloud ERP 25A/25B.

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