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

  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 06, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 06, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z1-498 Exam Syllabus Topics:

SectionObjectives
Project Execution and Control- Project monitoring and control
  • 1. Progress tracking and reporting
    • 2. Issue and change management overview
      Reporting and Analytics- Project reporting tools
      • 1. Standard financial and project reports
        • 2. Dashboard and KPI concepts
          Project Resource Management- Resource pools and staffing
          • 1. Role-based staffing concepts
            • 2. Resource assignment process
              Project Portfolio Management Fundamentals- Overview of Oracle Fusion Project Portfolio Management
              • 1. Business flow and solution architecture
                • 2. Key concepts and terminology
                  - Project Lifecycle Management
                  • 1. Project creation and definition
                    • 2. Project planning and execution overview
                      Project Costing and Financial Management- Billing and revenue management
                      • 1. Revenue recognition basics
                        • 2. Invoice generation concepts
                          - Costing setup and configuration
                          • 1. Cost collection and distribution rules
                            • 2. Cost organizations and expenditure types

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              1. Capitalization Options on a project type allows you to use cost allocation methods to automatically distribute which two types of costs across multiple assets?

                              A) costs attributable to a specific asset
                              B) non-capitalizablecosts
                              C) indirect costs
                              D) common costs


                              2. Select a Subject Area under "Project Controls" in Fusion PPM's OTBI.

                              A) Project Revenue
                              B) Project Cost Journals
                              C) Project Budget
                              D) Project Invoice


                              3. Select two correct statements pertaining to project classifications on a template.

                              A) When a project is created from a template, the project classifications cannot be deleted or added
                              B) There can be a maximum of 20classifications that are allowed for entry using Quick Entry.
                              C) A project classification is a mandatory field on a project template
                              D) When a project is created from a template, the project classifications can be deleted or added


                              4. Identify three valid work areas under Project Portfolio Management.

                              A) Capital Workarea
                              B) Payment Workarea
                              C) Projects Workarea
                              D) Revenue Workarea
                              E) Transactions Workarea


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

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


                              Solutions:

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

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