Exam Code: 1z1-498
Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: 11g
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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Billing and Revenue Management20%- Contract and Revenue Setup
  • 1. Set up billing methods and schedules
    • 2. Configure contract types and terms
      • 3. Define revenue recognition rules
        - Invoice Generation
        • 1. Manage project invoicing options
          • 2. Integrate with Oracle Receivables
            Topic 2: Project Costing25%- Cost Setup and Allocation
            • 1. Set up burdening and overhead rules
              • 2. Configure cost allocation methods
                • 3. Define expenditure types and formats
                  - Capital Project Costing
                  • 1. Asset assignment and capitalization
                    • 2. Capitalizable cost setup
                      Topic 3: Project Resource and Execution Management18%- Project Planning and Execution
                      • 1. Microsoft Project integration
                        • 2. Set up progress and status tracking
                          • 3. Create and manage work breakdown structures
                            - Resource Setup
                            • 1. Set up resource calendars and rates
                              • 2. Define resource classes and roles
                                Topic 4: Project Foundation Configuration22%- Enterprise Structures and Project Units
                                • 1. Set up calendars and accounting periods
                                  • 2. Define business units and project units
                                    • 3. Manage reference data sets
                                      - Project Types and Classifications
                                      • 1. Set up project statuses and lifecycle
                                        • 2. Configure project types
                                          • 3. Define project classifications and categories
                                            Topic 5: Project Performance Reporting and Integration15%- Cross-Module Integration
                                            • 1. Security and function access setup
                                              • 2. Integrate with Oracle Financials
                                                - 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. Oracle delivers the seeded capability to drill down on expenditure items in which tool?

                                                    A) Project Performance Reporting
                                                    B) BI Publisher
                                                    C) OTBI
                                                    D) OBIA


                                                    2. Select three items that can be managed as a part of the configuration of the KPIs for Project Performance Reporting?

                                                    A) KPI categories
                                                    B) trend indicators
                                                    C) status indicators
                                                    D) dimension indicators
                                                    E) fact indicators


                                                    3. In your project, during the Project Business Unit implementation, you have set the project accounting calendar to the accounting calendar and you also selected the option to maintain common accounting and project accounting periods. In such a case, which application area is the project period status managed in?

                                                    A) Both Fusion General Ledger and Fusion Project PortfolioManagement
                                                    B) In either Fusion Project Portfolio Management or in Fusion GL
                                                    C) Fusion General Ledger only
                                                    D) US I onProject Portfolio Managementonly


                                                    4. Project Analytics in Fusion Applications provides the project commitment summary. Select three additional commitment sources provided by Project Analytics.

                                                    A) Unaccounted Supplier Invoices
                                                    B) Timecards
                                                    C) PO Receipts
                                                    D) Requisitions
                                                    E) Purchase Orders


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


                                                    Solutions:

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

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