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Oracle 1z1-498 : Oracle Fusion Project Portfolio Management 2014 Essentials

1z1-498

Exam Code: 1z1-498

Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials

Updated: Sep 14, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Resource and Execution Management18%- Project Planning and Execution
  • 1. Create and manage work breakdown structures
    • 2. Set up progress and status tracking
      • 3. Microsoft Project integration
        - Resource Setup
        • 1. Set up resource calendars and rates
          • 2. Define resource classes and roles
            Topic 2: Project Billing and Revenue Management20%- Contract and Revenue Setup
            • 1. Configure contract types and terms
              • 2. Define revenue recognition rules
                • 3. Set up billing methods and schedules
                  - Invoice Generation
                  • 1. Integrate with Oracle Receivables
                    • 2. Manage project invoicing options
                      Topic 3: Project Performance Reporting and Integration15%- Cross-Module Integration
                      • 1. Security and function access setup
                        • 2. Integrate with Oracle Financials
                          - OTBI and Analytics
                          • 1. Set up KPIs and performance dashboards
                            • 2. Configure transactional business intelligence
                              Topic 4: Project Foundation Configuration22%- Project Types and Classifications
                              • 1. Define project classifications and categories
                                • 2. Set up project statuses and lifecycle
                                  • 3. Configure project types
                                    - Enterprise Structures and Project Units
                                    • 1. Set up calendars and accounting periods
                                      • 2. Define business units and project units
                                        • 3. Manage reference data sets
                                          Topic 5: Project Costing25%- Cost Setup and Allocation
                                          • 1. Define expenditure types and formats
                                            • 2. Configure cost allocation methods
                                              • 3. Set up burdening and overhead rules
                                                - Capital Project Costing
                                                • 1. Asset assignment and capitalization
                                                  • 2. Capitalizable cost setup

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question #1
                                                    Identify three formation types available for defining the Invoice Format header.

                                                    A. events
                                                    B. non-labor
                                                    C. cpmtract
                                                    D. labor


                                                    Question #2
                                                    Select the- option that accurately completes this sentence.
                                                    Eligible revenue is calculated using the formula __________

                                                    A. Potential Amount * (Transfer Price Schedule Markup percentage/100) * Transferprice rule markup percentage/100)
                                                    B. Potential Amount * Transfer Price Schedule Markup percentage/l00
                                                    C. Qualified Revenue Amount* (Contribution percentage/100)
                                                    D. Potential Revenue Amount* (Contribution percentage/l00)


                                                    Question #3
                                                    Select two important features of Standard Cost Collection Flex field.

                                                    A. allows customers to validate, calculate cost, and import any type of transactions that are captured internally or externally using a single process
                                                    B. unique I-reject cost collection requirements that are presented differently acrossall applications
                                                    C. unique project costcollection requirements thatare configured centrally
                                                    D. disintegrated means to capture, store, display, query, and reportproject-related attributes in their respective applications


                                                    Question #4
                                                    Identify three true statements about Oracle BusinessIntelligence Applications.

                                                    A. Oracle BusinessIntelligence Applications provide unlimited historical analysis, including trending and cross-domain insight
                                                    B. Oracle Businessintelligence Applications provide pre-packaged data warehouse, ETL, metrics, andinteractive dashboards.
                                                    C. Oracle Business IntelligenceApplications are built- on Oracle BusinessIntelligence EnterpriseEdition technology,
                                                    D. Oracle Business Intelligence Applications ore not available for EBS,Peoplesoft,JD Edwards, andSieble.


                                                    Question #5
                                                    Identify the statement that correctly describes how the Fusion PPM would handle a scenario in which someone attempts to import a configuration package into a instance of Fusion PPM where the implementation project name already exists.

                                                    A. A warning is generated thatthe current implementation project currently in the system will be replaced by the new configuration package.
                                                    B. The upload program ends in error.
                                                    C. The upload program completes in success but does not update records.
                                                    D. There is no warning; however, the current Implementation project is replaced withthe contents on the new configuration package.


                                                    Solutions:

                                                    Question #1
                                                    Correct Answer: A,C,D
                                                    Question #2
                                                    Correct Answer: A
                                                    Question #3
                                                    Correct Answer: A,D
                                                    Question #4
                                                    Correct Answer: A,B,D
                                                    Question #5
                                                    Correct Answer: D

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