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

  • Exam Code: 1z1-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Updated: Jul 21, 2026
  • Q & A: 79 Questions and Answers

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Oracle 1z1-498 Exam Syllabus Topics:
SectionObjectives
Project Portfolio Management Fundamentals- Overview of Oracle Fusion Project Portfolio Management
  • 1. Business flow and solution architecture
    • 2. Key concepts and terminology
      - Project Lifecycle Management
      • 1. Project planning and execution overview
        • 2. Project creation and definition
          Project Execution and Control- Project monitoring and control
          • 1. Progress tracking and reporting
            • 2. Issue and change management overview
              Project Costing and Financial Management- Billing and revenue management
              • 1. Invoice generation concepts
                • 2. Revenue recognition basics
                  - Costing setup and configuration
                  • 1. Cost organizations and expenditure types
                    • 2. Cost collection and distribution rules
                      Reporting and Analytics- Project reporting tools
                      • 1. Standard financial and project reports
                        • 2. Dashboard and KPI concepts
                          Project Resource Management- Resource pools and staffing
                          • 1. Resource assignment process
                            • 2. Role-based staffing concepts
                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              1. In one of your implementations, you are required to synchronize the Fusion Project Information with Microsoft Project. During synchronization, you realize that the default settings are configured so that the project attributes are transferred. Identify four attributes that are imported into Microsoft Project.

                              A) task attributes
                              B) actual quantities and costs
                              C) task structure
                              D) resources
                              E) scheduling and progress


                              2. Select two true statements regarding OBIA.

                              A) OBIAis used for strategic reporting.
                              B) OBIA is Fusion Applications-centric.
                              C) OBIA cant.ke input, from heterogenous data sources.
                              D) OBIAis real time and does not depend on the ETL refresh frequency.


                              3. Project managers typically have the need to plan for granular labor resources, whereas only high-level planning is sufficient for financial purposes. Identify the two true statements about the Project Integration Gateway in this background.

                              A) When you import the project plan, all planning for non-integrated resources is summarized by Project class.
                              B) You are allowed to create non-integrated resources manually in Primavera.
                              C) The summary information does not become a resource class resource assignment in Oracle Fusion PPM.
                              D) When you import the project plan, all planning for non-integrated resources is summarized by WBS.


                              4. Select the contract status in which the contract can be reverted to a pervious active version.

                              A) In pending acceptance status
                              B) Underamendment status
                              C) Under amendment status and approved
                              D) In draft status


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

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


                              Solutions:

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

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