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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: Sep 06, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Costing25%- Capital Project Costing
  • 1. Asset assignment and capitalization
    • 2. Capitalizable cost setup
      - Cost Setup and Allocation
      • 1. Define expenditure types and formats
        • 2. Set up burdening and overhead rules
          • 3. Configure cost allocation methods
            Project Foundation Configuration22%- Project Types and Classifications
            • 1. Configure project types
              • 2. Set up project statuses and lifecycle
                • 3. Define project classifications and categories
                  - 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. Define revenue recognition rules
                          • 2. Set up billing methods and schedules
                            • 3. Configure contract types and terms
                              - 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 Resource and Execution Management18%- Project Planning and Execution
                                          • 1. Microsoft Project integration
                                            • 2. Create and manage work breakdown structures
                                              • 3. Set up progress and status tracking
                                                - Resource Setup
                                                • 1. Set up resource calendars and rates
                                                  • 2. Define resource classes and roles

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question 1

                                                    What does Project Performance Reporting, a specialized analytics tool, leverage?

                                                    A. BI Publisher
                                                    B. Essbase
                                                    C. Financial Reporting Center
                                                    D. OTBI


                                                    Question 2

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

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


                                                    Question 3

                                                    CORRECT TEXT
                                                    Select the correct option to fill in the blank below.
                                                    If revenue is recognized before billing, the accounting entry that gets triggered would be _________.

                                                    A. Option B
                                                    B. Option C
                                                    C. Option D
                                                    D. Option A


                                                    Question 4

                                                    Identify the true statement regarding an expenditure item.

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


                                                    Question 5

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

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


                                                    Solutions:

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

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