1z0-1057-24 Exam Dumps - Oracle Project Financials Management Cloud Questions and Answers

The Resource Qualification Score is a percentage that indicates how well an individual matches the qualifications required for a resource request. An individual’s score is 100% if either of the following conditions are met:

The resource request has a qualification, but no proficiency is specified, and the resource has the qualification. This means that any level of proficiency is acceptable for the qualification.

The resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency. This means that the resource has the exact level of proficiency required for the qualification. An individual’s score is not 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification or has a different level of proficiency than required. In this case, the score is calculated based on how close the resource’s proficiency is to the required proficiency. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-resources.html#OAPFM2356001

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjc/allocate-project-costs.html#OA PJC94831

Spread Evenly

The allocation rule divides the source pool amount equally among all the chargeable target tasks included in the rule. This is the most simple and direct basis method.

Target Percentage and Spread Evenly

Specify the percentage of the source pool that is required to allocate to each target line. The total specified target percentage must always equal 100 percent. The allocation rule calculates the amount to allocate to the target line, and then spreads the results evenly among the chargeable tasks.

Prorate

The allocation generation uses the attributes defined in the allocation rule to derive the rate at which the source pool amount is apportioned among the target projects and tasks. For this basis method, the allocation rule uses the basis attributes to apportion the source amount among all the tasks defined by the rule. The Prorate basis method provides precise control over how the rule distributes the source pool.

Target Percentage and Prorate

The allocation rule first usesthe target percentage to calculate the amount to allocate to the line, and then apportions the results among all the tasks. TheTarget Percentage and Prorate basis methodprovides precise control over how the rule distributes the source pool.

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html

REST API =REpresentationalStateTransfer (REST)ApplicationProgramingInterface (API)

The project requirements work area is a work area that allows you to define and manage requirements for your projects using various methods and sources. Requirements are statements of needs or expectations that must be met by the project outcome. Backlog items are a type of requirement that are used for agile projects that follow an iterative and incremental approach. Three of the tasks that can be performed using the project requirements work area are:

creating projects and tasks in the context of backlog items: This task allows you to create new projects and tasks or link existing projects and tasks to backlog items. This helps you to plan and execute the work that is required to fulfill the backlog items.

creating issues for the backlog items: This task allows you to create new issues or link existing issues to backlog items. Issues are problems or risks that affect the progress or outcome of a project or requirement. This helps you to track and resolve the issues that are related to the backlog items.

tracking backlog item status from the requirement storyboard: This task allows you to view and update the status of backlog items from the requirement storyboard. The requirement storyboard is a graphical representation of the progress and completion of backlog items using various stages and lanes. This helps you to monitor and control the delivery of backlog items. Adding scrum master to backlog items and creating change orders for the backlog items are not tasks that can be performed using the project requirements work area. Adding scrum master to backlog items is a task that can be performed using the project team work area, as scrum master is a role that is assigned to a project team member who facilitates and coordinates the agile project activities. Creating change orders for the backlog items is a task that can be performed using the project change management work area, as change orders are documents that capture and approve changes to a project scope, schedule, or budget. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356321

Referencehttps://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937

Status tracking is a feature that allows you to track the progress and history of project invoice approval notifications. Status tracking provides information such as who approved or rejected the invoice, when and why they took the action, who is currently assigned to approve or reject the invoice, etc. Three of the information that can be tracked as status tracking for project invoice approval notifications are:

Person assigned for approval: This shows the name of the person who is currently assigned to approve or reject the invoice notification.

Prior actions: This shows the list of actions that have been taken on the invoice notification by previous approvers or rejectors, such as approve, reject, request information, etc.

Persons with whom it is still pending approval: This shows the list of persons who are still in the approval chain for the invoice notification and have not taken any action yet. Pre-approval activities and date-wise updates to the document are not information that can be tracked as status tracking for project invoice approval notifications. Pre-approval activities are tasks that need to be performed before submitting an invoice for approval, such as validating or transferring the invoice. Date-wise updates to the document are changes that are made to the invoice document after it has been submitted for approval, such as adjusting or reversing the invoice. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2356291

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Data_Integration_Services_for_Oracle_Cloud_Overview

Referencehttps://d ocs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm

The following table lists the project statuses and what you can do with projects in that status.

Project Status

What you can do?

Draft

Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.

Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

Active

Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.

Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.

Pending Close

Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.

Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.

Submitted

Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.

Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area

Closed

Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.

Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.

XML (Extensible Markup Language) is the data format that is supported by SOAP (Simple Object Access Protocol) Web services to establish communication between web services consumers and web services providers. XML is a standard format that allows data to be exchanged across different platforms and applications. SOAP Web services use XML to encode the messages and data that are sent and received between the web services endpoints. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/integrate-project-financial-management.html#OAPFM2356071

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.