Oracle Fusion Project Portfolio Management 2014 Essentials : 1z0-498 Exam Questions

  • Exam Code: 1z0-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 15, 2026
  • Q&As: 79 Questions and Answers

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Oracle 1z0-498 Exam Syllabus Topics:

SectionWeightObjectives
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
            Project Foundation Configuration22%- Project Types and Classifications
            • 1. Define project classifications and categories
              • 2. Configure project types
                • 3. Set up project statuses and lifecycle
                  - 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 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. Manage project invoicing options
                                • 2. Integrate with Oracle Receivables
                                  Project Costing25%- Cost Setup and Allocation
                                  • 1. Set up burdening and overhead rules
                                    • 2. Configure cost allocation methods
                                      • 3. Define expenditure types and formats
                                        - 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. Integrate with Oracle Financials
                                                  • 2. Security and function access setup

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. Select three items that can be managed as a part of the configuration of the KPIs for Project Performance Reporting?

                                                    A) fact indicators
                                                    B) trend indicators
                                                    C) dimension indicators
                                                    D) KPI categories
                                                    E) status indicators


                                                    2. During an implementation, one of your consultants wants to understand the order in which Fusion PPM searches for the Labor Costing Overrides, Identify the advice that should be shared with the consultant to help him or her obtain an accurate understanding of the order. In which Fusion PPM searches for the Labor Costing Overrides.

                                                    A) Person, Job and Organization Combination---->Personand Job Combination---->Person
                                                    B) Person and Organize> Ion Combination -> Person andJob Combination___> Person
                                                    C) Person,Joband Organization Combination- ->Person and Job combination
                                                    D) Person---> Person and Job Combination ---> Person, Job and OrganizationCombination


                                                    3. Identify two transactions that are treated as Commitment transactions in Oracle Fusion Portfolio Management.

                                                    A) invoices transferred to Fusion Assets
                                                    B) purchase order changed to a project
                                                    C) received goods on a project that are not yet transferred or imported into Oracle Fusion PPM
                                                    D) projectrelated invoices that are accounted and interfaced into Oracle Fusion PPM


                                                    4. Select the appropriate option to fill in the blank below.
                                                    A person is allowed to remove transactions when the Project Invoice status is _____

                                                    A) Transferred
                                                    B) Released
                                                    C) Draft
                                                    D) Accepted


                                                    5. Identify two statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

                                                    A) You can use the same calendar for both your project accounting and accounting.
                                                    B) Accounting periods are used to track budgets and forecasts, summarize project amounts for reporting, and track project status.
                                                    C) You can maintain the statuses of the periods independently, even in spite of using the same calendar.
                                                    D) By using the option of "Maintain common accounting and project accounting periods" you increase the period maintenance activity during the month end.


                                                    Solutions:

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

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