1Z0-1057-26 practice question 11 of 25

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand…

Full set: 126 questions

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016. Identify how the project hierarchy viewer displays labor demand information. (Choose the best Answer)

Answer options
A:

A. The current period start date is used for calculating labor demand for the current year.

B:

B. The current date is used for calculating labor demand for the current year.

Correct answer
C:

C. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

D:

D. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan- 2015, and hence the calculations show results for the year 2015.

Correct Answer:
B. B. The current date is used for calculating labor demand for the current year.
Explanation

The Enterprise Project Structure (EPS) hierarchy viewer displays summarized data. The "Update Project and Resource Base Summaries" process calculates this data. When the summarization period option is set to 'Annual', the process uses the current system date to determine the calendar year for which to summarize the data. In this scenario, the job running on 15-Dec-2015 uses 2015 as the current year and therefore calculates and displays labor demand for the entire 2015 calendar year, not a rolling 12-month period from the current date.

Why Incorrect

A. "Current period start date" is vague; the calculation is based on the current calendar year derived from the system date, not an arbitrary period start date.
C. The project start date is irrelevant for calculating the ongoing annual labor demand summary; the current date determines the summarization year.
D. The "Update EPS" summarization job does not typically take a user-entered date as a parameter for the calculation period; it uses the system date.

References

1. Oracle Fusion Cloud Project Management, "Implementing Project Financial Management and Grants Management," Document ID F53510-07, Chapter: Summarize Project Data, Section: How Project and Resource Data Is Summarized. "For annual summarization, data is summarized for the current year."

2. Oracle Fusion Cloud Project Management, "Using Project Portfolio Management," Document ID F53512-06, Chapter: Monitor Project Performance, Section: Project Performance Data Summarization. "The summarization process uses the current date to determine the period for which it summarizes data."

Scroll to Top