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

  • Exam Code: 1z0-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Jul 20, 2026
  • Q & A: 79 Questions and Answers

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Oracle 1z0-498 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Analytics- Project reporting tools
  • 1. Dashboard and KPI concepts
    • 2. Standard financial and project reports
      Topic 2: Project Costing and Financial Management- Billing and revenue management
      • 1. Revenue recognition basics
        • 2. Invoice generation concepts
          - Costing setup and configuration
          • 1. Cost organizations and expenditure types
            • 2. Cost collection and distribution rules
              Topic 3: Project Execution and Control- Project monitoring and control
              • 1. Progress tracking and reporting
                • 2. Issue and change management overview
                  Topic 4: Project Resource Management- Resource pools and staffing
                  • 1. Resource assignment process
                    • 2. Role-based staffing concepts
                      Topic 5: Project Portfolio Management Fundamentals- Project Lifecycle Management
                      • 1. Project planning and execution overview
                        • 2. Project creation and definition
                          - Overview of Oracle Fusion Project Portfolio Management
                          • 1. Key concepts and terminology
                            • 2. Business flow and solution architecture

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

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

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


                              2. Which details are allowed on the "Root task" created by default when Project template is created?

                              A) General and Cross Charge
                              B) Descriptions and Attachments
                              C) General, Asset Assignments, and Capital Information
                              D) General,Contracts, and Setup


                              3. Identify two unique characteristics of a business unit in Fusion PPM.

                              A) It often represents Project line of business.
                              B) It is an Anchor for sharing the reference data across applications.
                              C) It can exist in more than one Ledger.
                              D) It is defined centrally and acts as a partition for securing transaction-related data.


                              4. Identify two important aspects of the Non-Labor Bill Rate Schedules.

                              A) They are expenditure Type based rate schedules
                              B) Theyallow expenditure types to be used along with arateor a markup percent.
                              C) They are job-based rate schedule
                              D) They do not allow the mark up percentage to be O.


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

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


                              Solutions:

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

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