How to Prepare For Oracle Project Management Cloud 2020 Implementation Essentials 1z0-1057-20 Exam
Preparation Guide for Oracle Project Management Cloud 2020 Implementation Essentials 1z0-1057-20 Exam
Introduction
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Oracle Project Management Cloud is a complete and integrated solution which dramatically improves the way project-driven organizations work, enabling efficient and effective project management while ensuring smarter business decisions based on a single source of project truth. Project professionals benefit from its ground-up design to keep pace, keep score, and deliver extraordinary business and project insight. Mobile and embedded social capabilities ensure consistent communication in a secure, collaborative, team-based environment, for project delivery success. Get integrated project management suite that is designed to automate, streamline, and control project financial and project execution management processes end-to-end. Oracle PM Cloud transforms process automation and information access to simplify controls, increase productivity and improve business decisions. The result is a fully integrated and automated solution, designed to improve the way project-centric organizations work, from the project executive and business stakeholder, to the project manager, resource manager and the project team member
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The 1z0-1057-20 Certification is basic level certification organized by Oracle mainly focussing on project management skillset. There is no prerequisite for this exam.
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Understanding of functional and technical aspects of Portfolio Management
- Review portfolio performance in real time and compare current to past or future data to identify investment gaps and potential problems
- Propose initiatives that align with the organization's strategy and mission
- Track the state of activities and communicate the latest performance results of your investments
- Navigate within the Project Portfolio Management Cloud solution product
- Clarify key strategic objectives by presenting them in measurable ways
- Understand the Project Portfolio Management Cloud solution
- Explain how Project Portfolio Management Cloud and other Oracle applications coexist
- See how Project Management, Project Resource Management, Project Controls, Project Costing, Project Billing, Task Management, and Grants Management work together
- Use configurable workflows to manage your proposed project intake
- Prioritize investments with strong business case justification
- Use key features and functionalities offered by specific modules within Oracle PPM Cloud
- Use key components within Project Portfolio Management Cloud and see how they're integrated
- Adjust course as a result of portfolio reviews-increasing, decreasing, or withdrawing investment funding where appropriate
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Oracle 1Z1-1057 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Applications Security | 10% | - Role management and configuration - Seeded security roles and duties - Applications Security Console |
| Topic 2: Functional Setup Manager | 10% | - Rapid Implementation Workbook - Implementation projects and offerings - Managing setup data |
| Topic 3: Project Performance Reporting | 10% | - OTBI reporting and analytics - Key performance indicators configuration |
| Topic 4: Project Control and Execution | 15% | - Microsoft Project integration - Resource Breakdown Structure - Project templates and plan types |
| Topic 5: Project Foundation | 15% | - Transaction sources and statuses - Project calendars and periods - Project types, categories, and classifications |
| Topic 6: Project Portfolio Management Overview | 10% | - Integration components and capabilities - Components of Oracle Cloud Project Portfolio Management - Navigation, user experience, and personalization |
| Topic 7: Project Resource Management | 15% | - Talent profile and capacity planning - Resource pools and fulfillment - Enterprise labor resources |
| Topic 8: Enterprise Structures and Common Configuration | 10% | - Legal entities and business units - Reference data sets and sharing - Subledger accounting setup |
| Topic 9: Project Financial Management | 25% | - Project costing and cost collection - Burdening, allocations, and capitalization - Budgeting, forecasting, and financial plans - Billing and revenue recognition |
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