Vendor: Oracle
Certifications: Oracle Certifications
Exam Code: 1Z0-1057-22
Exam Name: Oracle Project Management Cloud 2022 Implementation Professional
Updated: May 30, 2026
Q&As: 91 ( View Details)
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Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset. Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)
A. Standard Unit Cost
B. Actual Unit
C. Current Cost
D. Estimated Cost
E. Spread Evenly
Correct Answer: C
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project- foundation-configuration-manage-project-types.html#OAPFM220111 Topic ?Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets. You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level. Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level. The following table describes the available asset cost allocation methods. Method Basis of Cost Allocation
Actual Units Number of units defined for each asset Current Cost Construction-in-process (CIP) cost of each asset Estimated Cost Estimated cost of each asset Standard Unit Combination of the standard unit cost and the number of units Cost defined for each asset Spread Evenly Equal allocation of cost to each asset
Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)
A. Manage Project Plan Resource Assignment
B. Transfer Project
C. View Project Progress
D. Allocate Project Expense
Correct Answer: AC
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio- management/19a/oapjm/index.html#_Toc468200732_1_12 Topic - Privileges - This table lists privileges granted to duties of the abstract role Project Management Duty. Granted Role - Project Plan Management Privilege ?only A and C are listed
Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate,
and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)
A. Class codes should be associated with a related set code.
B. Class categories should be assigned to business unit.
C. Class categories should be assigned to project type.
D. Class codes should be assigned to project unit.
Correct Answer: AC
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project- foundation-configuration-manage-project-types.html#OAPFM360164 Topic - Associating Project Types and Class Categories: Examples Project classifications group your projects according to categories and codes that you define. When you associate project classifications with project types, the classification is available for selection on projects with that project type. Use any of the following methods to associate class categories with project types: Add a classification to the project type definition For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type. When this option is enabled, all projects with this project type must be assigned a class code for the class category. Add a project type to the class category definition Enable the Assign to all Project Types option on the class category definition
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