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

  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 22, 2026
  • Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Resource Management- Resource pools and staffing
  • 1. Resource assignment process
    • 2. Role-based staffing concepts
      Topic 2: Project Execution and Control- Project monitoring and control
      • 1. Issue and change management overview
        • 2. Progress tracking and reporting
          Topic 3: Reporting and Analytics- Project reporting tools
          • 1. Standard financial and project reports
            • 2. Dashboard and KPI concepts
              Topic 4: 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
                      Topic 5: Project Portfolio Management Fundamentals- Overview of Oracle Fusion Project Portfolio Management
                      • 1. Key concepts and terminology
                        • 2. Business flow and solution architecture
                          - Project Lifecycle Management
                          • 1. Project creation and definition
                            • 2. Project planning and execution overview

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              1. Select two important features of Standard Cost Collection Flex field.

                              A) unique I-reject cost collection requirements that are presented differently acrossall applications
                              B) unique project costcollection requirements thatare configured centrally
                              C) disintegrated means to capture, store, display, query, and reportproject-related attributes in their respective applications
                              D) allows customers to validate, calculate cost, and import any type of transactions that are captured internally or externally using a single process


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

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


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

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


                              4. In your project, during the Project Business Unit implementation, you have set the project accounting calendar to the accounting calendar and you also selected the option to maintain common accounting and project accounting periods. In such a case, which application area is the project period status managed in?

                              A) Both Fusion General Ledger and Fusion Project PortfolioManagement
                              B) In either Fusion Project Portfolio Management or in Fusion GL
                              C) US I onProject Portfolio Managementonly
                              D) Fusion General Ledger only


                              5. Which Security Role can be assigned to a user in Fusion Applications?

                              A) Job Role
                              B) AbstractRole
                              C) Dam Ron
                              D) Duty Role


                              Solutions:

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

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