Oracle 1z0-498 Q&A - in .pdf

  • Exam Code: 1z0-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z0-498
  • Exam Name: Oracle Fusion Project Portfolio Management 2014 Essentials
  • Q & A: 79 Questions and Answers
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Oracle 1z0-498 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Costing25%- Capital Project Costing
  • 1. Asset assignment and capitalization
    • 2. Capitalizable cost setup
      - Cost Setup and Allocation
      • 1. Configure cost allocation methods
        • 2. Set up burdening and overhead rules
          • 3. Define expenditure types and formats
            Topic 2: Project Performance Reporting and Integration15%- OTBI and Analytics
            • 1. Configure transactional business intelligence
              • 2. Set up KPIs and performance dashboards
                - Cross-Module Integration
                • 1. Integrate with Oracle Financials
                  • 2. Security and function access setup
                    Topic 3: Project Billing and Revenue Management20%- Contract and Revenue Setup
                    • 1. Define revenue recognition rules
                      • 2. Set up billing methods and schedules
                        • 3. Configure contract types and terms
                          - Invoice Generation
                          • 1. Integrate with Oracle Receivables
                            • 2. Manage project invoicing options
                              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. Configure project types
                                      • 2. Define project classifications and categories
                                        • 3. Set up project statuses and lifecycle
                                          Topic 5: Project Resource and Execution Management18%- Project Planning and Execution
                                          • 1. Set up progress and status tracking
                                            • 2. Create and manage work breakdown structures
                                              • 3. Microsoft Project integration
                                                - Resource Setup
                                                • 1. Define resource classes and roles
                                                  • 2. Set up resource calendars and rates

                                                    Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Identify two possible statuses available for reviewing the allocation transaction, after having run the Generate Allocations process in Fusion PPM.

                                                    A. draft failure
                                                    B. draft success
                                                    C. release Failure
                                                    D. deletion in progress
                                                    E. release in progress


                                                    Question 2

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


                                                    Question 3

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


                                                    Question 4

                                                    Select the appropriate phrase to fill in the blank below.
                                                    The Navigator is a hierarchical arrangement of Work Areas or Dashboards with ___.

                                                    A. role security
                                                    B. function and data security
                                                    C. data security
                                                    D. function security


                                                    Question 5

                                                    CORRECT TEXT
                                                    Select the correct option to fill in the blank below.
                                                    If revenue is recognized before billing, the accounting entry that gets triggered would be _________.

                                                    A. Option B
                                                    B. Option D
                                                    C. Option A
                                                    D. Option C


                                                    Solutions:

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

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