1Z0-1057-24

The Oracle 1Z0-1057-24 exam, "Oracle Project Portfolio Management Cloud 2023 Implementation Essentials", focuses on implementing and configuring Oracle Project Portfolio Management Cloud (PPM Cloud) Service. The main points cover a broad range of functionalities within the application, and can be summarized into these key areas:

• Project Portfolio Management (PPM) Fundamentals: Understanding the core concepts of PPM, its lifecycle, and how it integrates with other Oracle Cloud applications. This includes strategic alignment of projects with business goals.

• Project Setup and Management: This is a major section, covering the creation and management of projects, including:

  • Work Breakdown Structure (WBS): Defining tasks, dependencies, and assigning resources.
  • Resource Management: Allocating and managing human resources, costs, and materials.
  • Scheduling and Tracking: Using Gantt charts and other tools to schedule and monitor project progress.
  • Financials: Managing project budgets, costs, and forecasts.

• Program and Portfolio Management: Examines the higher-level aspects of managing multiple projects and programs within a portfolio, including:

  • Portfolio Optimization: Selecting the right projects based on strategic alignment and resource availability.
  • Program and Portfolio Reporting: Generating reports and dashboards to monitor portfolio performance.
  • Demand Management: Managing the intake and prioritization of project requests.

• Integration with other Oracle Cloud Applications: Understanding how PPM Cloud integrates with other Oracle Cloud services, such as:

  • Oracle Cloud ERP: Connecting PPM to financial data for accurate cost tracking.
  • Oracle Cloud HCM: Integrating with human capital management for resource allocation.
  • Other cloud services: Understanding potential integrations with other relevant services within the Oracle Cloud ecosystem.

• Implementation Considerations: This includes understanding best practices for implementing and configuring PPM Cloud, including:

  • Data Migration: Moving existing project data into PPM Cloud.
  • Customization: Tailoring the application to meet specific business needs.
  • Security: Implementing appropriate security measures to protect project data.
  • User Administration: Managing user access and permissions.

In short: The exam tests your knowledge of setting up, configuring, and managing projects, programs, and portfolios within the Oracle PPM Cloud Service, along with its integration capabilities and best practices for implementation. It's heavily practical, focusing on the how of using the software. You need to understand the processes and workflows within the application.