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Oracle 11g 1z1-498

1z1-498

Exam Code: 1z1-498

Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials

Updated: Jul 27, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Costing25%- Cost Setup and Allocation
  • 1. Configure cost allocation methods
    • 2. Define expenditure types and formats
      • 3. Set up burdening and overhead rules
        - Capital Project Costing
        • 1. Capitalizable cost setup
          • 2. Asset assignment and capitalization
            Topic 2: 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
                    Topic 3: Project Resource and Execution Management18%- Project Planning and Execution
                    • 1. Set up progress and status tracking
                      • 2. Microsoft Project integration
                        • 3. Create and manage work breakdown structures
                          - Resource Setup
                          • 1. Set up resource calendars and rates
                            • 2. Define resource classes and roles
                              Topic 4: 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
                                        Topic 5: Project Foundation Configuration22%- Enterprise Structures and Project Units
                                        • 1. Set up calendars and accounting periods
                                          • 2. Manage reference data sets
                                            • 3. Define business units and project units
                                              - Project Types and Classifications
                                              • 1. Set up project statuses and lifecycle
                                                • 2. Define project classifications and categories
                                                  • 3. Configure project types

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. Identify three valid work areas under Project Portfolio Management.

                                                    A) Revenue Workarea
                                                    B) Capital Workarea
                                                    C) Payment Workarea
                                                    D) Projects Workarea
                                                    E) Transactions Workarea


                                                    2. Identify the true statement regarding an expenditure item.

                                                    A) An expenditure Item cannotbe adjusted on any attributes of transcation.
                                                    B) An expenditure item con be adjusted only on the billableattributes of atransaction.
                                                    C) An expenditureitem can be adjusted only on the capitalizable attributes of a transaction.
                                                    D) An expenditure item can be adjusted on both billable and capitalizeable attributes of a transaction.


                                                    3. Identify two key business value propositions of Fusion Project Portfolio Management.

                                                    A) reducedcommunicationand collaboration by creating a community forthe project team
                                                    B) elimination ofexception-based management
                                                    C) improveddecision-making by answering keybusiness questions while users enter transactions
                                                    D) enhanced user productivity and reduced supportcosts


                                                    4. Your client has expressed a desire to produce and summarizeinvoice lines for non-labor transactions type or expenditure, based on the high level tastes of the project. Which invoice format grouping should be used to achieve this?

                                                    A) Top Task,Employee
                                                    B) Top Task,Expenditure Type
                                                    C) Revenue Category, ExpenditureCategory, Top Task
                                                    D) TopTask. Revenue Category, Expenditure Category, Expenditure Type
                                                    E) Top Task,Expenditure Category


                                                    5. Identify three valid values for the pre-seeded Status Indicators in Fusion Project Performance Reporting.

                                                    A) High Variance
                                                    B) Critical
                                                    C) On Budget
                                                    D) At Risk
                                                    E) On Track


                                                    Solutions:

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

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