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Oracle 1z0-498 : Oracle Fusion Project Portfolio Management 2014 Essentials

1z0-498

Exam Code: 1z0-498

Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials

Updated: Jul 26, 2026

Q & A: 79 Questions and Answers

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Oracle 1z0-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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. Create and manage work breakdown structures
        • 2. Microsoft Project integration
          • 3. Set up progress and status tracking
            Topic 2: Project Billing and Revenue Management20%- Invoice Generation
            • 1. Integrate with Oracle Receivables
              • 2. Manage project invoicing options
                - Contract and Revenue Setup
                • 1. Set up billing methods and schedules
                  • 2. Configure contract types and terms
                    • 3. Define revenue recognition rules
                      Topic 3: Project Costing25%- Capital Project Costing
                      • 1. Asset assignment and capitalization
                        • 2. Capitalizable cost setup
                          - Cost Setup and Allocation
                          • 1. Set up burdening and overhead rules
                            • 2. Configure cost allocation methods
                              • 3. Define expenditure types and formats
                                Topic 4: 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
                                        Topic 5: Project Foundation Configuration22%- Project Types and Classifications
                                        • 1. Configure project types
                                          • 2. Define project classifications and categories
                                            • 3. Set up project statuses and lifecycle
                                              - Enterprise Structures and Project Units
                                              • 1. Set up calendars and accounting periods
                                                • 2. Manage reference data sets
                                                  • 3. Define business units and project units

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. You define Assets for your project and assign them to the project or task level. What should be the value of the project asset type to generate the asset line?

                                                    A) generate
                                                    B) regenerate
                                                    C) built
                                                    D) as built
                                                    E) estimated


                                                    2. Identify the statement that correctly describes how the Fusion PPM would handle a scenario in which someone attempts to import a configuration package into a instance of Fusion PPM where the implementation project name already exists.

                                                    A) The upload program completes in success but does not update records.
                                                    B) A warning is generated thatthe current implementation project currently in the system will be replaced by the new configuration package.
                                                    C) There is no warning; however, the current Implementation project is replaced withthe contents on the new configuration package.
                                                    D) The upload program ends in error.


                                                    3. Your client is implementing Fusion Applications for his or her organization and intends to transform the complete costing process through the use of Fusion PPM. One of the concerns the client has is that the user community is required to pick expenditure types from a long list, which are hot specific to their departmental expenses. Identify there levels of filtering that will help you address this concern in Fusion PPM.

                                                    A) filterexpenditure types based on the set assigned to the Organization Hierarchy
                                                    B) filter expenditure types based on the set assigned to the expenditure types
                                                    C) filterexpenditure types bused on the Project Unit that owns the project
                                                    D) filter expenditure typesbased onthe set assigned to the project unit


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

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


                                                    5. A customer is using Fusion Payables and Fusion Project Portfolio Management.
                                                    The customer has two suppliers setup with names X and Y respectively.
                                                    Supplier Y has been merged with supplier X. the supplier merge program is run from the supplier merge option in Fusion Payables and you have chosen to merge all transactions. What will happen to the supplier references on transactions related to supplier Y that are already interfaced to Fusion Project Portfolio Management?

                                                    A) The supplier merge program does not impact any supplier transactions that are already in Fusion PPM.
                                                    B) The supplier merge program completes with error.The merge is not possible because the transactions are already in Fusion PPM.
                                                    C) The transaction related to Supplier Y will be deleted from Fusion PPM.
                                                    D) The supplier references to supplier Y will be modified to supplier X for all transactions existing in Fusion PPM.
                                                    E) The transact Ions related to supplierX and Y will be deleted from Fusion PPM.


                                                    Solutions:

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

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