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

1z1-498 real exams

Exam Code: 1z1-498

Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials

Updated: Aug 29, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

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

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Select two correct statements pertaining to project classifications on a template.

                                                    A. When a project is created from a template, the project classifications can be deleted or added
                                                    B. There can be a maximum of 20classifications that are allowed for entry using Quick Entry.
                                                    C. When a project is created from a template, the project classifications cannot be deleted or added
                                                    D. A project classification is a mandatory field on a project template


                                                    Question 2

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


                                                    Question 3

                                                    Choose the correct statement related to the project start and end dates.

                                                    A. In an auto roll up of task dates, the project start date does not coincide with the earliest task.
                                                    B. If the task dates roll up the task hierarchy automatically, then the project dates can be edited.
                                                    C. If the task dates roll up the task hierarchy automatically, then the project dates cannot be edited.
                                                    D. In an auto roll up of task dates, the project start date does not coincide with the latest task finish date.


                                                    Question 4

                                                    Identify the mandatory setup step under Project Invoicing options when you use Fusion Project Billing with Fusion receivables?

                                                    A. Specify unit of measure for invoicelines sent to Fusion receivables
                                                    B. Specify Override reasons
                                                    C. Define Project Billing DescriptiveFlex Fields
                                                    D. Specify Billing cycles


                                                    Question 5

                                                    Select two default planning options that are included when Financial Plan Types are created in Fusion PPM.

                                                    A. forcecast versions
                                                    B. budget versions
                                                    C. burdening versions
                                                    D. billing cycle version


                                                    Solutions:

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

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