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  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Aug 30, 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 30, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
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  • Q & A: 79 Questions and Answers
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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
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. Microsoft Project integration
          • 3. Create and manage work breakdown structures
            Project Costing25%- Capital Project Costing
            • 1. Capitalizable cost setup
              • 2. Asset assignment and capitalization
                - Cost Setup and Allocation
                • 1. Set up burdening and overhead rules
                  • 2. Configure cost allocation methods
                    • 3. Define expenditure types and formats
                      Project Performance Reporting and Integration15%- OTBI and Analytics
                      • 1. Set up KPIs and performance dashboards
                        • 2. Configure transactional business intelligence
                          - Cross-Module Integration
                          • 1. Security and function access setup
                            • 2. Integrate with Oracle Financials
                              Project Billing and Revenue Management20%- Invoice Generation
                              • 1. Integrate with Oracle Receivables
                                • 2. Manage project invoicing options
                                  - Contract and Revenue Setup
                                  • 1. Configure contract types and terms
                                    • 2. Set up billing methods and schedules
                                      • 3. Define revenue recognition rules
                                        Project Foundation Configuration22%- Project Types and Classifications
                                        • 1. Configure project types
                                          • 2. Define project classifications and categories
                                            • 3. Set up project statuses and lifecycle
                                              - Enterprise Structures and Project Units
                                              • 1. Set up calendars and accounting periods
                                                • 2. Manage reference data sets
                                                  • 3. Define business units and project units

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Select three things the Major Axis on the Project Plan Gantt Chart timescale show when the minor axis is set to Months.

                                                    A. Years
                                                    B. Days
                                                    C. Weeks
                                                    D. Quarters
                                                    E. Half Years


                                                    Question 2

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


                                                    Question 3

                                                    During an implementation, one of your consultants wants to understand the order in which Fusion PPM searches for the Labor Costing Overrides, Identify the advice that should be shared with the consultant to help him or her obtain an accurate understanding of the order. In which Fusion PPM searches for the Labor Costing Overrides.

                                                    A. Person, Job and Organization Combination---->Personand Job Combination---->Person
                                                    B. Person and Organize> Ion Combination -> Person andJob Combination___> Person
                                                    C. Person,Joband Organization Combination- ->Person and Job combination
                                                    D. Person---> Person and Job Combination ---> Person, Job and OrganizationCombination


                                                    Question 4

                                                    Identify the true statement regarding an expenditure item.

                                                    A. An expenditure item con be adjusted only on the billableattributes of atransaction.
                                                    B. An expenditureitem can be adjusted only on the capitalizable attributes of a transaction.
                                                    C. An expenditure Item cannotbe adjusted on any attributes of transcation.
                                                    D. An expenditure item can be adjusted on both billable and capitalizeable attributes of a transaction.


                                                    Question 5

                                                    Select the option that would accurately fill the blank below.
                                                    The relationships between the Business Units and the Project Units in Fusion PPM are _________.

                                                    A. Many-to-Many
                                                    B. One-to-One
                                                    C. Many-to-One
                                                    D. One-to-Many


                                                    Solutions:

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

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