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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 02, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Billing and Revenue Management20%- Invoice Generation
  • 1. Integrate with Oracle Receivables
    • 2. Manage project invoicing options
      - Contract and Revenue Setup
      • 1. Define revenue recognition rules
        • 2. Set up billing methods and schedules
          • 3. Configure contract types and terms
            Project Foundation Configuration22%- Project Types and Classifications
            • 1. Set up project statuses and lifecycle
              • 2. Configure project types
                • 3. Define project classifications and categories
                  - Enterprise Structures and Project Units
                  • 1. Manage reference data sets
                    • 2. Define business units and project units
                      • 3. Set up calendars and accounting periods
                        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. Set up burdening and overhead rules
                                      • 3. Configure cost allocation methods
                                        - Capital Project Costing
                                        • 1. Asset assignment and capitalization
                                          • 2. Capitalizable cost setup
                                            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

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Which software application licenses are required for planning revenue when setting up Financial Plan types?

                                                    A. Oracle Fusion Project Execution Management
                                                    B. Oracle Fusion Project Billing
                                                    C. Oracle Fusion Project Costing
                                                    D. Oracle FusionIntegration Gateway


                                                    Question 2

                                                    As you implement the Project Integration Gateway, you are required to set up the integration options for exporting actual amounts. What are the two valid options for export?

                                                    A. Actual Quantitiesand Burdened Costs
                                                    B. Actual Burdened Cost
                                                    C. Actual Quantities end Raw Cost
                                                    D. Actual Raw cost


                                                    Question 3

                                                    By using Project Integration Gateway, a person can use Global Data model to provide the capability to set up the integration for a business unit and a project unit combination. Based on this information, identify two true statements regarding this integration model.

                                                    A. Projectunitprovides financial periodsand currency
                                                    B. Project unitprovides resources.
                                                    C. Business unit provide planning resource breakdown structure.
                                                    D. Business unit providesFinancial periods and currency


                                                    Question 4

                                                    Your client is implementing Fusion Applications for his or her organization and intends to transform the complete costing process through the use of Fusion PPM. One of the concerns the client has is that the user community is required to pick expenditure types from a long list, which are hot specific to their departmental expenses. Identify there levels of filtering that will help you address this concern in Fusion PPM.

                                                    A. filterexpenditure types based on the set assigned to the Organization Hierarchy
                                                    B. filter expenditure types based on the set assigned to the expenditure types
                                                    C. filterexpenditure types bused on the Project Unit that owns the project
                                                    D. filter expenditure typesbased onthe set assigned to the project unit


                                                    Question 5

                                                    In your project, during the Project Business Unit implementation, you have set the project accounting calendar to the accounting calendar and you also selected the option to maintain common accounting and project accounting periods. In such a case, which application area is the project period status managed in?

                                                    A. Fusion General Ledger only
                                                    B. Both Fusion General Ledger and Fusion Project PortfolioManagement
                                                    C. In either Fusion Project Portfolio Management or in Fusion GL
                                                    D. US I onProject Portfolio Managementonly


                                                    Solutions:

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

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