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Oracle 1z1-498 Exam Syllabus Topics:

SectionObjectives
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
          Project Resource Management- Resource pools and staffing
          • 1. Role-based staffing concepts
            • 2. Resource assignment process
              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 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 statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

                              • A. Accounting periods are used to track budgets and forecasts, summarize project amounts for reporting, and track project status.
                              • B. You can use the same calendar for both your project accounting and accounting.
                              • C. By using the option of "Maintain common accounting and project accounting periods" you increase the period maintenance activity during the month end.
                              • D. You can maintain the statuses of the periods independently, even in spite of using the same calendar.
                              Reveal Solution  Discussion  0

                              Correct Answer: A,D  🗳️

                              Question #2

                              What does Project Performance Reporting, a specialized analytics tool, leverage?

                              • A. OTBI
                              • B. BI Publisher
                              • C. Essbase
                              • D. Financial Reporting Center
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

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

                              Question #3

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

                              • A. Quarters
                              • B. Weeks
                              • C. Years
                              • D. Half Years
                              • E. Days
                              Reveal Solution  Discussion  0

                              Correct Answer: B,D,E  🗳️

                              Question #4

                              Identify which item is editable at the Project level

                              • A. Third-party Scheduling
                              • B. Default FinancialType
                              • C. Multiple Transaction Currencies
                              • D. Planning Amount
                              • E. Workflows
                              Reveal Solution  Discussion  0

                              Correct Answer: E  🗳️

                              Question #5

                              As you implement the Project Integration Gateway, you are required to set up the integration options for exporting actual amounts. What are the two valid options for export?

                              • A. Actual Burdened Cost
                              • B. Actual Raw cost
                              • C. Actual Quantitiesand Burdened Costs
                              • D. Actual Quantities end Raw Cost
                              Reveal Solution  Discussion  0

                              Correct Answer: B,C  🗳️

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