Oracle Fusion Project Portfolio Management 2014 Essentials - testinsides 1z1-498 dumps

1z1-498 real exams

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 Foundation Configuration22%- Enterprise Structures and Project Units
  • 1. Define business units and project units
    • 2. Set up calendars and accounting periods
      • 3. Manage reference data sets
        - Project Types and Classifications
        • 1. Configure project types
          • 2. Define project classifications and categories
            • 3. Set up project statuses and lifecycle
              Topic 2: Project Billing and Revenue Management20%- Invoice Generation
              • 1. Manage project invoicing options
                • 2. Integrate with Oracle Receivables
                  - Contract and Revenue Setup
                  • 1. Define revenue recognition rules
                    • 2. Set up billing methods and schedules
                      • 3. Configure contract types and terms
                        Topic 3: 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
                                  Topic 4: Project Costing25%- Capital Project Costing
                                  • 1. Asset assignment and capitalization
                                    • 2. Capitalizable cost setup
                                      - Cost Setup and Allocation
                                      • 1. Configure cost allocation methods
                                        • 2. Define expenditure types and formats
                                          • 3. Set up burdening and overhead rules
                                            Topic 5: Project Performance Reporting and Integration15%- OTBI and Analytics
                                            • 1. Set up KPIs and performance dashboards
                                              • 2. Configure transactional business intelligence
                                                - Cross-Module Integration
                                                • 1. Integrate with Oracle Financials
                                                  • 2. Security and function access setup

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. You have created a Financial Plan type where the planning amount option is set as cost amounts only.Based on this information identify two true scenarios.

                                                    A) Allbudget versioncreatedfor the financial plan typecontainonly cost amounts and margin.D.All forecast versions created for the financial plan type contain only cost amounts and margin
                                                    B) All budget versions created for the financial plan type contain only cost amounts.
                                                    C) All forecast versions created for the financial plan typecontainonly cost amounts.


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

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


                                                    3. Identify three setups that are required to be performed at a Project Unit level in Fusion PPM.

                                                    A) Implementation Options
                                                    B) Contract Management Propertied
                                                    C) BusinessUnitAssociation
                                                    D) Reporting Setup
                                                    E) Pi .Kit Numbering and FTIH


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

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


                                                    5. Identify two entitles included in the Project Transaction Type Reference Data Model.

                                                    A) Project Expenditure Type
                                                    B) Project PlanType
                                                    C) Project Work Type
                                                    D) Financial Plan Type


                                                    Solutions:

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

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