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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Billing and Revenue Management20%- Invoice Generation
  • 1. Manage project invoicing options
    • 2. Integrate with Oracle Receivables
      - Contract and Revenue Setup
      • 1. Define revenue recognition rules
        • 2. Configure contract types and terms
          • 3. Set up billing methods and schedules
            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 Costing25%- Cost Setup and Allocation
                    • 1. Set up burdening and overhead rules
                      • 2. Define expenditure types and formats
                        • 3. Configure cost allocation methods
                          - Capital Project Costing
                          • 1. Capitalizable cost setup
                            • 2. Asset assignment and capitalization
                              Project Resource and Execution Management18%- Project Planning and Execution
                              • 1. Create and manage work breakdown structures
                                • 2. Microsoft Project integration
                                  • 3. Set up progress and status tracking
                                    - Resource Setup
                                    • 1. Set up resource calendars and rates
                                      • 2. Define resource classes and roles
                                        Project Foundation Configuration22%- Project Types and Classifications
                                        • 1. Define project classifications and categories
                                          • 2. Set up project statuses and lifecycle
                                            • 3. Configure project types
                                              - 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:

                                                    1. At who is the Oracle Fusion Project Performance Reporting solution specifically targeted?

                                                    A) Project managers
                                                    B) Project team members
                                                    C) Project executives
                                                    D) Project accountants


                                                    2. Most Project Management solutions are plagued with the configurations that have financial and project management reference data intertwined. By introducing which two concepts has Fusion PPM.

                                                    A) Project Unit
                                                    B) PPM specific organization hierarchy
                                                    C) Organization Classification
                                                    D) Business Unit
                                                    E) SetID


                                                    3. A customer is using Fusion Payables and Fusion Project Portfolio Management.
                                                    The customer has two suppliers setup with names X and Y respectively.
                                                    Supplier Y has been merged with supplier X. the supplier merge program is run from the supplier merge option in Fusion Payables and you have chosen to merge all transactions. What will happen to the supplier references on transactions related to supplier Y that are already interfaced to Fusion Project Portfolio Management?

                                                    A) The supplier references to supplier Y will be modified to supplier X for all transactions existing in Fusion PPM.
                                                    B) The supplier merge program does not impact any supplier transactions that are already in Fusion PPM.
                                                    C) The supplier merge program completes with error.The merge is not possible because the transactions are already in Fusion PPM.
                                                    D) The transact Ions related to supplierX and Y will be deleted from Fusion PPM.
                                                    E) The transaction related to Supplier Y will be deleted from Fusion PPM.


                                                    4. Select the four duties the project administrator is entitled to, by default, in Budgeting and Forecasting.

                                                    A) edit budget and forecast planning option
                                                    B) submit versions
                                                    C) review versions
                                                    D) generate versions
                                                    E) create versions
                                                    F) approve versions


                                                    5. You want to credit an invoice using the Cancel Invoice option. Which three prerequisites should be met for this to be possible?

                                                    A) Invoice is released.
                                                    B) Invoicehas no adjustment or crediting Invoices applied to it.
                                                    C) Invoice has no payments.
                                                    D) Credit memo is created.


                                                    Solutions:

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

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