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Download DemoVendor: Oracle
Certifications: Project Financials Management Cloud
Exam Code: 1Z0-1057-22
Exam Name: Oracle Project Management Cloud 2022 Implementation Professional
Updated: Dec 01, 2024
Q&As: 91
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Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)
A. The application role relevant to the China business unit is not assigned to the project accountant.
B. The project accountant is not assigned to the external role that grants access to the China business unit.
C. The US and UK business units are linked to different ledgers than the China business unit.
D. The China business unit is associated with a different legal entity than the US and UK business units.
Correct Answer: B
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)
A. Bulk
B. Detail
C. Incremental
D. Summary
Correct Answer: C
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio- management/19b/oapfm/define-project-organizations.html#OAPFM177674 Settings That Affect Performance Data Summarization
You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select
one of the summarization methods from the following table:
Summarization Usage
Method
Incremental Summarizes new transactions that are yet to be summarized Delete and re- Correct summary data when the source system data changes outside the regular transaction summarize flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so. Resource breakdown Migrate all summary data from one resource breakdown
structure version to the next. structure If you select this option, you must also specify the resource breakdown structure header.
When implementing Project Performance Reporting, your customer has the following requirements:
Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
As long as a project cost is less than the threshold, the project should be shown as on-track. Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)
A. multiple threshold levels
B. single threshold level value
C. single threshold level range
D. multiple threshold level value
Correct Answer: B
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjs/update- project-performance-data-and-generate-kpis.html#OAPJS16654 Performance Status Indicator Performance status indicators give an immediate picture of the status of a project, such as critical, at risk, and on track. Each distinct icon indicates the status and severity of performance. During KPI definition, you first associate status indicators with performance statuses: Critical Severe At risk On track Ahead You then associate these statuses with threshold levels. When KPI values are generated for a project, each value is compared to the defined thresholds and the corresponding status indicator for the KPI appears on project performance reports. A status can identify negative performance so that you can take the appropriate actions to prevent or quickly resolve problems. Conversely, a status can identify positive performance to help you track expected or excellent performance. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing- project-financial-management-applications.html#FAPFM975706 Create Key Performance Indicators Create key performance indicators (KPI) to measure how well your organization performs an operational, tactical, or strategic activity that is critical for the current and future success of the organization. Note: To create KPIs you must enable a project unit to track key performance indicators. Use the Threshold Levels section to specify thresholds to indicate the health status of a KPI. Select one of the following options: Multiple threshold levels Single threshold level value Single threshold level range
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