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Oracle 1z1-498 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Costing and Financial Management- Billing and revenue management
  • 1. Revenue recognition basics
    • 2. Invoice generation concepts
      - Costing setup and configuration
      • 1. Cost organizations and expenditure types
        • 2. Cost collection and distribution rules
          Topic 2: Project Resource Management- Resource pools and staffing
          • 1. Resource assignment process
            • 2. Role-based staffing concepts
              Topic 3: Reporting and Analytics- Project reporting tools
              • 1. Standard financial and project reports
                • 2. Dashboard and KPI concepts
                  Topic 4: Project Portfolio Management Fundamentals- Project Lifecycle Management
                  • 1. Project planning and execution overview
                    • 2. Project creation and definition
                      - Overview of Oracle Fusion Project Portfolio Management
                      • 1. Business flow and solution architecture
                        • 2. Key concepts and terminology
                          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

                              Your company has set up the burdening functionality to capture the overhead costs incurred on all projects. It has been decided that these overhead costs will be stored as a separate expenditure item performed to set up the required expense account?

                              A. Set up the total burdened cost credit SLA.
                              B. Set up the burden cost account SLA,
                              C. Set up the account at the expenditure type defined for the burden transaction.
                              D. Set up the burden cost clearing account SLA.
                              E. Set up the account at the expenditure category defined for the burden transaction.


                              Question 2

                              Identify three valid work areas under Project Portfolio Management.

                              A. Projects Workarea
                              B. Transactions Workarea
                              C. Payment Workarea
                              D. Revenue Workarea
                              E. Capital Workarea


                              Question 3

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

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


                              Question 4

                              Select the option that enables the transactions from other sub ledger modules that are imported into Project Costing and are in :Rejected" or "Pending for processing" stage to be viewed.

                              A. ManageUnreleased Expenditure Batches
                              B. Manage Expenditure Items
                              C. Review Commitment Transactions
                              D. Manage Unprocessed Transactions


                              Question 5

                              Identify two predefined calendar types that can be utilized to create Period Profiles.

                              A. weekly calendar
                              B. accounting calendar
                              C. monthly calendar
                              D. project accounting calendar


                              Solutions:

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

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