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

  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Sep 29, 2026

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Oracle 1z1-498 Exam Syllabus Topics:

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

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              Question #1

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

                              • A. received goods on a project that are not yet transferred or imported into Oracle Fusion PPM
                              • B. purchase order changed to a project
                              • C. invoices transferred to Fusion Assets
                              • D. projectrelated invoices that are accounted and interfaced into Oracle Fusion PPM
                              Reveal Solution  Discussion  0

                              Correct Answer: B,D  🗳️

                              Question #2

                              Select the appropriate phrase to accurately complete the sentence below.
                              Spread Curves in Fusion Project Portfolio Management allows you_____

                              • A. distribute quantity, cost, and revenue amounts automatically acrossweekly calendars
                              • B. distribute quantity, cost, and revenue amounts automatically acrossproject accounting periods
                              • C. distribute quantity, cost, and revenue amounts automatically acrossaccounting or project accounting periods
                              • D. distribute quantity, cost, and revenue amounts automatically acrossaccounting periods
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Question #3

                              Which software application licenses are required for planning revenue when setting up Financial Plan types?

                              • A. Oracle FusionIntegration Gateway
                              • B. Oracle Fusion Project Costing
                              • C. Oracle Fusion Project Billing
                              • D. Oracle Fusion Project Execution Management
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                              Question #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. US I onProject Portfolio Managementonly
                              • C. Fusion General Ledger only
                              • D. In either Fusion Project Portfolio Management or in Fusion GL
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                              Question #5

                              Select two default planning options that are included when Financial Plan Types are created in Fusion PPM.

                              • A. forcecast versions
                              • B. burdening versions
                              • C. billing cycle version
                              • D. budget versions
                              Reveal Solution  Discussion  0

                              Correct Answer: A,D  🗳️

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