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Oracle 1z0-498 real answers - Oracle Fusion Project Portfolio Management 2014 Essentials

1z0-498
  • Exam Code: 1z0-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 16, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z0-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Performance Reporting and Integration15%- Cross-Module Integration
  • 1. Security and function access setup
    • 2. Integrate with Oracle Financials
      - OTBI and Analytics
      • 1. Configure transactional business intelligence
        • 2. Set up KPIs and performance dashboards
          Project Resource and Execution Management18%- Project Planning and Execution
          • 1. Create and manage work breakdown structures
            • 2. Microsoft Project integration
              • 3. Set up progress and status tracking
                - Resource Setup
                • 1. Define resource classes and roles
                  • 2. Set up resource calendars and rates
                    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
                              Project Costing25%- Cost Setup and Allocation
                              • 1. Configure cost allocation methods
                                • 2. Set up burdening and overhead rules
                                  • 3. Define expenditure types and formats
                                    - Capital Project Costing
                                    • 1. Asset assignment and capitalization
                                      • 2. Capitalizable cost setup
                                        Project Foundation Configuration22%- 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 Types and Classifications
                                              • 1. Set up project statuses and lifecycle
                                                • 2. Configure project types
                                                  • 3. Define project classifications and categories

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. In one of your implementations, you are required to synchronize the Fusion Project Information with Microsoft Project. During synchronization, you realize that the default settings are configured so that the project attributes are transferred. Identify four attributes that are imported into Microsoft Project.

                                                    A) task structure
                                                    B) scheduling and progress
                                                    C) task attributes
                                                    D) resources
                                                    E) actual quantities and costs


                                                    2. By using Project Integration Gateway, a person can use Global Data model to provide the capability to set up the integration for a business unit and a project unit combination. Based on this information, identify two true statements regarding this integration model.

                                                    A) Projectunitprovides financial periodsand currency
                                                    B) Business unit provide planning resource breakdown structure.
                                                    C) Project unitprovides resources.
                                                    D) Business unit providesFinancial periods and currency


                                                    3. Identify the two currencies that Fusion PPM automatically converts transactions to, when a Financial Plan Type is enabled for planning in multiple currencies.

                                                    A) Contract Currency
                                                    B) Project Currency
                                                    C) Project Ledger Currency
                                                    D) Reporting Currency


                                                    4. 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) All forecast versions created for the financial plan typecontainonly cost amounts.
                                                    B) 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
                                                    C) All budget versions created for the financial plan type contain only cost amounts.


                                                    5. Select three options included in Project Billing for Contract Types.

                                                    A) Intercompany
                                                    B) Burdened Costs
                                                    C) Billing Controls
                                                    D) Interprojcet


                                                    Solutions:

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

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