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

  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Sep 30, 2026
  • Q&As: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Billing and Revenue Management20%- Contract and Revenue Setup
  • 1. Define revenue recognition rules
    • 2. Configure contract types and terms
      • 3. Set up billing methods and schedules
        - Invoice Generation
        • 1. Integrate with Oracle Receivables
          • 2. Manage project invoicing options
            Topic 2: Project Performance Reporting and Integration15%- Cross-Module Integration
            • 1. Integrate with Oracle Financials
              • 2. Security and function access setup
                - OTBI and Analytics
                • 1. Configure transactional business intelligence
                  • 2. Set up KPIs and performance dashboards
                    Topic 3: 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. Define project classifications and categories
                            • 2. Configure project types
                              • 3. Set up project statuses and lifecycle
                                Topic 4: Project Costing25%- Cost Setup and Allocation
                                • 1. Define expenditure types and formats
                                  • 2. Configure cost allocation methods
                                    • 3. Set up burdening and overhead rules
                                      - Capital Project Costing
                                      • 1. Asset assignment and capitalization
                                        • 2. Capitalizable cost setup
                                          Topic 5: Project Resource and Execution Management18%- Resource Setup
                                          • 1. Define resource classes and roles
                                            • 2. Set up resource calendars and rates
                                              - Project Planning and Execution
                                              • 1. Set up progress and status tracking
                                                • 2. Microsoft Project integration
                                                  • 3. Create and manage work breakdown structures

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question #1

                                                    Identify which item is editable at the Project level

                                                    • A. Planning Amount
                                                    • B. Third-party Scheduling
                                                    • C. Multiple Transaction Currencies
                                                    • D. Workflows
                                                    • E. Default FinancialType
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: D  🗳️

                                                    Question #2

                                                    Select the option that accurately fills in the blank below.
                                                    Function security Privileges in Fusion PPM are also known as______

                                                    • A. licenses
                                                    • B. rights
                                                    • C. honors
                                                    • D. entitlements
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: C  🗳️

                                                    Question #3

                                                    Identify two reference data objects forwhich the default setassignments can be done for a business unit set determinant.

                                                    • A. Project Rates
                                                    • B. Project Definition
                                                    • C. Projecttransaction Types
                                                    • D. ProjectAccounting Definition
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: C,D  🗳️

                                                    Question #4

                                                    Identify two reference data objects for which the default set assignments can be done for a project unit set determinant.

                                                    • A. Project Rates
                                                    • B. Project Accounting Definition
                                                    • C. Project Definition
                                                    • D. Project Transaction Types
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: B,D  🗳️

                                                    Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                                                    Question #5

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

                                                    • A. reducedcommunicationand collaboration by creating a community forthe project team
                                                    • B. elimination ofexception-based management
                                                    • C. enhanced user productivity and reduced supportcosts
                                                    • D. improveddecision-making by answering keybusiness questions while users enter transactions
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: B,D  🗳️

                                                    Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

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