1z0-1057-22 Exam Dumps - Oracle Project Management Cloud 2022 Implementation Professional

Rapid Implementation for Project Financial Management Applications allows you to configure some common setups for project costing and billing using predefined templates and spreadsheets. Some of the setups that can be configured using Rapid Implementation are expenditure types, project templates, and project types. Work types and project class categories are not part of Rapid Implementation. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2355871

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-manage-spread-curves.html#OAPFM79760

Predefined Spread Curves

Name

Description

Dist. Factors

Even

Linear distribution of financial or project plan values across periods.

10-10-10-10-10-10-10-10-10-10

Prorated Even

Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period.

10-10-10-10-10-10-10-10-10-10

Back Loaded

Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods.

0-5-10-15-20-25-30-35-40-45

Front Loaded

Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods.

45-40-35-30-25-20-15-10-5-0

S Curve

S-shaped distribution of financial or project plan values across periods.

18-10-8-10-15-17-18-17-15-8

Bell Curve

Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods.

0-4-10-12-14-12-10-4-0-0

Daily Spread Analysis

Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment

None

Ref: https://docs.oracle.com/en/cloud/saas/project-portfoli o-management/19b/oapjb/manage-project-contract-revenue.html#OAPJB164173

Associated Project Percent Spent Example

The following formula calculates the percent spent revenue for the associated project.

((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted cost for every task that is part of associated task)

x Associated Project Funded Amount) – Sum of Existing Invoice Event Amounts for the Associated Project

((60/300) x 750) – 80 = 70

((Actual Cost / Budgeted Cost) x Budgeted Revenue) – Sum of Revenue Event Amount

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/18c/oapfm/project-costing-configuration-define-project-costing-integrations.html#OAPFM174886

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.

The Allow Override option for the Default Capitalized Interest Rate Schedule is specified on the Manage Project Type page. This option allows you to override the default capitalized interest rate schedule for a project or task that uses the project type. The default capitalized interest rate schedule is used to calculate the capitalized interest amount for a project or task based on the interest rates and dates defined in the schedule. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356031

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

Topic – Creating Calendars for Projects and Resources: Procedure

Project Schedules are used as a base for project and resource calendars in Project Execution Management applications. The smallest scheduling unit is a day. For example, you can define the number of hours in a day but, you can't schedule work for a specific time of the day.

The following are the elements of a schedule:

• Shifts
• Workday patterns
• Exceptions

Ref: https://docs.oracle.com/en/cloud /saas/project-portfolio-management/19a/oapem/analyze-project-management-performance.html#OAPEM1313471

Topic - Project Labor Demand: How It's Calculated

Settings That Affect Project Labor Demand

Project application administrators must do the following to set up how project labor demand is calculated:

• Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
• Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.

Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.