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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
Passing Score:65% (typical Oracle exam passing threshold; may vary)
Real Exam Qty:55-75 (typical range for Oracle certification exams)
Exam Format:Multiple Response, Multiple Choice
Exam Price:USD 245 (may vary by region/tax)
Certificate Validity Period:Does not formally expire (legacy Oracle certification policy may vary by track)
Related Certifications:Oracle Project Portfolio Management Cloud
Oracle Fusion Applications Certifications
Exam Duration:120 minutes
Available Languages:English
Recommended Training:Oracle Fusion Project Portfolio Management Training
Exam Registration:Oracle Certification Portal
Sample Questions:Oracle 1z1-498 Sample Questions
Exam Way:Computer-based exam delivered via authorized Oracle testing centers or online proctored delivery depending on region availability.
Pre Condition:No formal prerequisite required; basic knowledge of Oracle Fusion Applications and project management concepts is recommended.
Official Syllabus URL:https://education.oracle.com

Oracle 1z1-498 Exam Syllabus Topics:

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

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              Question 1

                              Identify two important aspects of the Non-Labor Bill Rate Schedules.

                              A. Theyallow expenditure types to be used along with arateor a markup percent.
                              B. They are expenditure Type based rate schedules
                              C. They are job-based rate schedule
                              D. They do not allow the mark up percentage to be O.


                              Question 2

                              Your client has expressed a desire to produce and summarizeinvoice lines for non-labor transactions type or expenditure, based on the high level tastes of the project. Which invoice format grouping should be used to achieve this?

                              A. Top Task,Expenditure Type
                              B. TopTask. Revenue Category, Expenditure Category, Expenditure Type
                              C. Revenue Category, ExpenditureCategory, Top Task
                              D. Top Task,Expenditure Category
                              E. Top Task,Employee


                              Question 3

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

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


                              Question 4

                              Which details are allowed on the "Root task" created by default when Project template is created?

                              A. Descriptions and Attachments
                              B. General,Contracts, and Setup
                              C. General and Cross Charge
                              D. General, Asset Assignments, and Capital Information


                              Question 5

                              Identify two reference data objects forwhich the default setassignments can be done for a business unit set determinant.

                              A. Project Definition
                              B. ProjectAccounting Definition
                              C. Project Rates
                              D. Projecttransaction Types


                              Solutions:

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

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