Oracle 1z1-498 Q&A - in .pdf

  • 1z1-498 pdf
  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 28, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
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  • Updated: Aug 28, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-498
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  • Q & A: 79 Questions and Answers
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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Foundation Configuration22%- Enterprise Structures and Project Units
  • 1. Manage reference data sets
    • 2. Define business units and project units
      • 3. Set up calendars and accounting periods
        - Project Types and Classifications
        • 1. Set up project statuses and lifecycle
          • 2. Define project classifications and categories
            • 3. Configure project types
              Project Costing25%- Cost Setup and Allocation
              • 1. Set up burdening and overhead rules
                • 2. Define expenditure types and formats
                  • 3. Configure cost allocation methods
                    - Capital Project Costing
                    • 1. Asset assignment and capitalization
                      • 2. Capitalizable cost setup
                        Project Resource and Execution Management18%- Project Planning and Execution
                        • 1. Create and manage work breakdown structures
                          • 2. Set up progress and status tracking
                            • 3. Microsoft Project integration
                              - Resource Setup
                              • 1. Define resource classes and roles
                                • 2. Set up resource calendars and rates
                                  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 Billing and Revenue Management20%- Invoice Generation
                                          • 1. Manage project invoicing options
                                            • 2. Integrate with Oracle Receivables
                                              - Contract and Revenue Setup
                                              • 1. Set up billing methods and schedules
                                                • 2. Configure contract types and terms
                                                  • 3. Define revenue recognition rules

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Identify two transactions that are treated as Commitment transactions in Oracle Fusion Portfolio Management.

                                                    A. purchase order changed to a project
                                                    B. invoices transferred to Fusion Assets
                                                    C. received goods on a project that are not yet transferred or imported into Oracle Fusion PPM
                                                    D. projectrelated invoices that are accounted and interfaced into Oracle Fusion PPM


                                                    Question 2

                                                    Select the true statement related to Descriptive Flex fields and OTBI in Fusion Applications.

                                                    A. All Descriptive Flex fields can be "BI Enabled"
                                                    B. Through specific configurations, Descriptive Flex fields can be made to show the "BI Enabled"flag.
                                                    C. Only a restricted set of predefined Descriptive Flex fields can be "BI Enabled".
                                                    D. Descriptive Flex fields cannot be "BI enabled" and only custom subject areas need to be created.


                                                    Question 3

                                                    Oracle delivers the seeded capability to drill down on expenditure items in which tool?

                                                    A. OTBI
                                                    B. Project Performance Reporting
                                                    C. BI Publisher
                                                    D. OBIA


                                                    Question 4

                                                    Select the contract status in which the contract can be reverted to a pervious active version.

                                                    A. In draft status
                                                    B. In pending acceptance status
                                                    C. Under amendment status and approved
                                                    D. Underamendment status


                                                    Question 5

                                                    Which two options are relevant and true for Manual CapitalEvents?

                                                    A. They are suitable Tor [Phased projects where assets are placedIn service after eachphase is completed.
                                                    B. Costs and assets are grouped periodically throughout the duration of the project.
                                                    C. They aresuitable for blanketprojectsthat capture costs for repetitive work.
                                                    D. Costs and assets areusually grouped at the required time within the project duration


                                                    Solutions:

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

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