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Oracle 1z1-498 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Project Portfolio Management 2014 Essentials
Exam Number:1Z0-498
Certificate Validity Period:18–24 months
Exam Format:Multiple Choice, Multiple Select
Exam Duration:120 minutes
Real Exam Qty:75–79
Available Languages:English
Exam Price:$245 USD
Passing Score:62%
Related Certifications:Oracle Fusion Applications 11g/2014 Implementation Specialist
Recommended Training:Oracle Fusion Project Portfolio Management 2014 Implementation Training
Exam Registration:Pearson VUE Scheduling
Oracle University Exam Registration
Sample Questions:Oracle 1z1-498 Sample Questions
Exam Way:Computer-based testing at Pearson VUE centers or online proctored
Pre Condition:No mandatory prerequisites; recommended: hands-on experience with Oracle Fusion PPM and basic implementation knowledge
Official Syllabus URL:https://education.oracle.com/oracle-fusion-project-portfolio-management-2014-essentials/pexam_1Z0-498

Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Costing25%- Cost Setup and Allocation
  • 1. Configure cost allocation methods
    • 2. Set up burdening and overhead rules
      • 3. Define expenditure types and formats
        - Capital Project Costing
        • 1. Asset assignment and capitalization
          • 2. Capitalizable cost setup
            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. Manage reference data sets
                    • 2. Define business units and project units
                      • 3. Set up calendars and accounting periods
                        Project Billing and Revenue Management20%- Invoice Generation
                        • 1. Manage project invoicing options
                          • 2. Integrate with Oracle Receivables
                            - Contract and Revenue Setup
                            • 1. Set up billing methods and schedules
                              • 2. Define revenue recognition rules
                                • 3. Configure contract types and terms
                                  Project Resource and Execution Management18%- Resource Setup
                                  • 1. Set up resource calendars and rates
                                    • 2. Define resource classes and roles
                                      - Project Planning and Execution
                                      • 1. Create and manage work breakdown structures
                                        • 2. Set up progress and status tracking
                                          • 3. Microsoft Project integration
                                            Project Performance Reporting and Integration15%- Cross-Module Integration
                                            • 1. Integrate with Oracle Financials
                                              • 2. Security and function access setup
                                                - OTBI and Analytics
                                                • 1. Configure transactional business intelligence
                                                  • 2. Set up KPIs and performance dashboards

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    1. Identify two possible statuses available for reviewing the allocation transaction, after having run the Generate Allocations process in Fusion PPM.

                                                    A) release in progress
                                                    B) release Failure
                                                    C) draft failure
                                                    D) deletion in progress
                                                    E) draft success


                                                    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 acrossaccounting or project accounting periods
                                                    B) distribute quantity, cost, and revenue amounts automatically acrossproject accounting periods
                                                    C) distribute quantity, cost, and revenue amounts automatically acrossaccounting periods
                                                    D) distribute quantity, cost, and revenue amounts automatically acrossweekly calendars


                                                    3. Select the appropriate option to correctly fill in the blank below.
                                                    Project team members, including the project manager, are assigned to a project using______

                                                    A) enterprise roles
                                                    B) job roles
                                                    C) project roles
                                                    D) abstract roles


                                                    4. Through which two aspects does Fusion PPM provide improved capability of Role Based Security?

                                                    A) single point of administration forboth applications and technology
                                                    B) monitor key projects transaction processing and exception rates
                                                    C) transparentand consistent data security
                                                    D) non-centralized access and function-based entitlement management
                                                    E) enforcement across entire technologystack


                                                    5. Select the two options that would accurately fill in the blanks in the sentences below.
                                                    The rate sources in Fusion PPM are based on the Schedule Types specified on the Invoice and Revenue Methods. If the schedule type is Labor Schedule, Bill Rate, then a valid rate source would be ____________ or _______.

                                                    A) Burden schedule
                                                    B) Labor burden schedule
                                                    C) Job billrate schedule
                                                    D) Employee bill rate schedule
                                                    E) Labortransfer price schedule


                                                    Solutions:

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

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