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

  • Exam Code: 1z0-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 03, 2026     Q & A: 79 Questions and Answers

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Oracle 1z0-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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 2: 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. Create and manage work breakdown structures
                    • 3. Microsoft Project integration
                      Topic 3: Project Performance Reporting and Integration15%- Cross-Module Integration
                      • 1. Integrate with Oracle Financials
                        • 2. Security and function access setup
                          - OTBI and Analytics
                          • 1. Set up KPIs and performance dashboards
                            • 2. Configure transactional business intelligence
                              Topic 4: Project Foundation Configuration22%- Project Types and Classifications
                              • 1. Set up project statuses and lifecycle
                                • 2. Configure project types
                                  • 3. Define project classifications and categories
                                    - Enterprise Structures and Project Units
                                    • 1. Define business units and project units
                                      • 2. Set up calendars and accounting periods
                                        • 3. Manage reference data sets
                                          Topic 5: Project Billing and Revenue Management20%- Contract and Revenue Setup
                                          • 1. Define revenue recognition rules
                                            • 2. Set up billing methods and schedules
                                              • 3. Configure contract types and terms
                                                - Invoice Generation
                                                • 1. Integrate with Oracle Receivables
                                                  • 2. Manage project invoicing options

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. Select the- option that accurately completes this sentence.
                                                    Eligible revenue is calculated using the formula __________

                                                    A) Potential Amount * Transfer Price Schedule Markup percentage/l00
                                                    B) Qualified Revenue Amount* (Contribution percentage/100)
                                                    C) Potential Amount * (Transfer Price Schedule Markup percentage/100) * Transferprice rule markup percentage/100)
                                                    D) Potential Revenue Amount* (Contribution percentage/l00)


                                                    2. Select two true statements regarding OTBI.

                                                    A) OTBI helpsin performingtrend analysiswith unlimited historical data
                                                    B) OTBI is thebusiness solution that helpsin current state analysis.
                                                    C) OTBI helps in tactical reporting such as helping in decisions such as "Do I need more resources on this project"?
                                                    D) OTBI helps in strategic decision such as "Is it worthwhile forme executeprojects for thiscustomer"?


                                                    3. Identify two predefined calendar types that can be utilized to create Period Profiles.

                                                    A) monthly calendar
                                                    B) accounting calendar
                                                    C) project accounting calendar
                                                    D) weekly calendar


                                                    4. Select the appropriate phrase to fill in the blank below.
                                                    The Navigator is a hierarchical arrangement of Work Areas or Dashboards with ___.

                                                    A) data security
                                                    B) function and data security
                                                    C) role security
                                                    D) function security


                                                    5. Identify which item is editable at the Project level

                                                    A) Default FinancialType
                                                    B) Workflows
                                                    C) Planning Amount
                                                    D) Third-party Scheduling
                                                    E) Multiple Transaction Currencies


                                                    Solutions:

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

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