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Oracle 1z1-498 Exam Syllabus Topics:

SectionObjectives
Project Execution and Control- Project monitoring and control
  • 1. Progress tracking and reporting
    • 2. Issue and change management overview
      Reporting and Analytics- Project reporting tools
      • 1. Standard financial and project reports
        • 2. Dashboard and KPI concepts
          Project Portfolio Management Fundamentals- Overview of Oracle Fusion Project Portfolio Management
          • 1. Key concepts and terminology
            • 2. Business flow and solution architecture
              - Project Lifecycle Management
              • 1. Project planning and execution overview
                • 2. Project creation and definition
                  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. Revenue recognition basics
                        • 2. Invoice generation concepts
                          - Costing setup and configuration
                          • 1. Cost collection and distribution rules
                            • 2. Cost organizations and expenditure types

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              Question 1

                              During an implementation, one of your consultants wants to understand the order in which Fusion PPM searches for the Labor Costing Overrides, Identify the advice that should be shared with the consultant to help him or her obtain an accurate understanding of the order. In which Fusion PPM searches for the Labor Costing Overrides.

                              A. Person---> Person and Job Combination ---> Person, Job and OrganizationCombination
                              B. Person, Job and Organization Combination---->Personand Job Combination---->Person
                              C. Person,Joband Organization Combination- ->Person and Job combination
                              D. Person and Organize> Ion Combination -> Person andJob Combination___> Person


                              Question 2

                              Select the two options that would accurately fill in the blanks in the sentences below.
                              The rate sources in Fusion PPM are based on the Schedule Types specified on the Invoice and Revenue Methods. If the schedule type is Labor Schedule, Bill Rate, then a valid rate source would be ____________ or _______.

                              A. Burden schedule
                              B. Job billrate schedule
                              C. Labor burden schedule
                              D. Employee bill rate schedule
                              E. Labortransfer price schedule


                              Question 3

                              When implementing Project Performance Reporting, the client has provided the following scenario:
                              1.Every time the project cost is greater than or equal to a threshold, then the project should be shown as critical.
                              2.As long as the project cost is less than the threshold, the project should be shown as on-track.
                              Which Threshold Level Rule is the ideal candidate for this kind of KPI definition?

                              A. multiple threshold levels
                              B. single threshold level value
                              C. multiple threshold level value
                              D. single threshold level range


                              Question 4

                              By using Project Integration Gateway, a person can use Global Data model to provide the capability to set up the integration for a business unit and a project unit combination. Based on this information, identify two true statements regarding this integration model.

                              A. Project unitprovides resources.
                              B. Projectunitprovides financial periodsand currency
                              C. Business unit providesFinancial periods and currency
                              D. Business unit provide planning resource breakdown structure.


                              Question 5

                              Capitalization Options on a project type allows you to use cost allocation methods to automatically distribute which two types of costs across multiple assets?

                              A. costs attributable to a specific asset
                              B. common costs
                              C. non-capitalizablecosts
                              D. indirect costs


                              Solutions:

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

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