Oracle 1z1-498 Q&A - in .pdf

  • 1z1-498 pdf
  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 08, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z1-498 Exam Syllabus Topics:

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

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. Project Analytics in Fusion Applications provides the project commitment summary. Select three additional commitment sources provided by Project Analytics.

                                                    A) Unaccounted Supplier Invoices
                                                    B) Purchase Orders
                                                    C) Requisitions
                                                    D) PO Receipts
                                                    E) Timecards


                                                    2. Capitalization Options on a project type allows you to use cost allocation methods to automatically distribute which two types of costs across multiple assets?

                                                    A) costs attributable to a specific asset
                                                    B) common costs
                                                    C) non-capitalizablecosts
                                                    D) indirect costs


                                                    3. Which two options are relevant and true for Manual CapitalEvents?

                                                    A) They are suitable Tor [Phased projects where assets are placedIn service after eachphase is completed.
                                                    B) Costs and assets are grouped periodically throughout the duration of the project.
                                                    C) They aresuitable for blanketprojectsthat capture costs for repetitive work.
                                                    D) Costs and assets areusually grouped at the required time within the project duration


                                                    4. Select the option that accurately fills in the blank below.
                                                    Function security Privileges in Fusion PPM are also known as______

                                                    A) honors
                                                    B) rights
                                                    C) entitlements
                                                    D) licenses


                                                    5. Identify two reference data objects forwhich the default setassignments can be done for a business unit set determinant.

                                                    A) Projecttransaction Types
                                                    B) Project Rates
                                                    C) Project Definition
                                                    D) ProjectAccounting Definition


                                                    Solutions:

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

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