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Oracle 1z1-498 Exam Syllabus Topics:

SectionWeightObjectives
Project Resource and Execution Management18%- Resource Setup
  • 1. Define resource classes and roles
    • 2. Set up resource calendars and rates
      - Project Planning and Execution
      • 1. Microsoft Project integration
        • 2. Set up progress and status tracking
          • 3. Create and manage work breakdown structures
            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
                    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
                              Project Billing and Revenue Management20%- Contract and Revenue Setup
                              • 1. Configure contract types and terms
                                • 2. Define revenue recognition rules
                                  • 3. Set up billing methods and schedules
                                    - Invoice Generation
                                    • 1. Manage project invoicing options
                                      • 2. Integrate with Oracle Receivables
                                        Project Foundation Configuration22%- Enterprise Structures and Project Units
                                        • 1. Define business units and project units
                                          • 2. Set up calendars and accounting periods
                                            • 3. Manage reference data sets
                                              - Project Types and Classifications
                                              • 1. Configure project types
                                                • 2. Set up project statuses and lifecycle
                                                  • 3. Define project classifications and categories

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Identify three setups that are required to be performed at a Project Unit level in Fusion PPM.

                                                    • A. Pi .Kit Numbering and FTIH
                                                    • B. Implementation Options
                                                    • C. Reporting Setup
                                                    • D. BusinessUnitAssociation
                                                    • E. Contract Management Propertied
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: B,C,D  🗳️

                                                    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 burden cost clearing account SLA.
                                                    • B. Set up the total burdened cost credit SLA.
                                                    • C. Set up the burden cost account SLA,
                                                    • D. Set up the account at the expenditure category defined for the burden transaction.
                                                    • E. Set up the account at the expenditure type defined for the burden transaction.
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: C  🗳️

                                                    Select two correct statements pertaining to project classifications on a template.

                                                    • A. A project classification is a mandatory field on a project template
                                                    • B. When a project is created from a template, the project classifications can be deleted or added
                                                    • C. When a project is created from a template, the project classifications cannot be deleted or added
                                                    • D. There can be a maximum of 20classifications that are allowed for entry using Quick Entry.
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: C,D  🗳️

                                                    Identify two statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

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

                                                    Correct Answer: A,B  🗳️

                                                    Identify four allocation methods available as a seeded method under Oracle Fusion Project Costing.

                                                    • A. percentage and spread evenly
                                                    • B. spread evenly
                                                    • C. variable
                                                    • D. use client extension basis
                                                    • E. prorate
                                                    • F. manual
                                                    Reveal Solution  Discussion  0

                                                    Correct Answer: B,C,E,F  🗳️

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