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Updated: Jul 27, 2026

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Oracle 1z1-498 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Project Portfolio Management 2014 Essentials
Exam Number:1Z0-498
Exam Price:USD 245 (may vary by region/tax)
Certificate Validity Period:Does not formally expire (legacy Oracle certification policy may vary by track)
Related Certifications:Oracle Project Portfolio Management Cloud
Oracle Fusion Applications Certifications
Real Exam Qty:55-75 (typical range for Oracle certification exams)
Passing Score:65% (typical Oracle exam passing threshold; may vary)
Exam Format:Multiple Choice, Multiple Response
Exam Duration:120 minutes
Available Languages:English
Recommended Training:Oracle Fusion Project Portfolio Management Training
Exam Registration:Oracle Certification Portal
Sample Questions:Oracle 1z1-498 Sample Questions
Exam Way:Computer-based exam delivered via authorized Oracle testing centers or online proctored delivery depending on region availability.
Pre Condition:No formal prerequisite required; basic knowledge of Oracle Fusion Applications and project management concepts is recommended.
Official Syllabus URL:https://education.oracle.com

Oracle 1z1-498 Exam Syllabus Topics:

SectionObjectives
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
          Reporting and Analytics- Project reporting tools
          • 1. Dashboard and KPI concepts
            • 2. Standard financial and project reports
              Project Execution and Control- Project monitoring and control
              • 1. Progress tracking and reporting
                • 2. Issue and change management overview
                  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
                          Project Resource Management- Resource pools and staffing
                          • 1. Role-based staffing concepts
                            • 2. Resource assignment process

                              Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

                              1. Which software application licenses are required for planning revenue when setting up Financial Plan types?

                              A) Oracle FusionIntegration Gateway
                              B) Oracle Fusion Project Billing
                              C) Oracle Fusion Project Costing
                              D) Oracle Fusion Project Execution Management


                              2. 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) Business unit providesFinancial periods and currency
                              C) Business unit provide planning resource breakdown structure.
                              D) Projectunitprovides financial periodsand currency


                              3. Your client is implementing Fusion Applications for his or her organization and intends to transform the complete costing process through the use of Fusion PPM. One of the concerns the client has is that the user community is required to pick expenditure types from a long list, which are hot specific to their departmental expenses. Identify there levels of filtering that will help you address this concern in Fusion PPM.

                              A) filter expenditure types based on the set assigned to the expenditure types
                              B) filterexpenditure types bused on the Project Unit that owns the project
                              C) filter expenditure typesbased onthe set assigned to the project unit
                              D) filterexpenditure types based on the set assigned to the Organization Hierarchy


                              4. Select the true statement related to Descriptive Flex fields and OTBI in Fusion Applications.

                              A) All Descriptive Flex fields can be "BI Enabled"
                              B) Descriptive Flex fields cannot be "BI enabled" and only custom subject areas need to be created.
                              C) Through specific configurations, Descriptive Flex fields can be made to show the "BI Enabled"flag.
                              D) Only a restricted set of predefined Descriptive Flex fields can be "BI Enabled".


                              5. Identify two unique characteristics of a business unit in Fusion PPM.

                              A) It is defined centrally and acts as a partition for securing transaction-related data.
                              B) It is an Anchor for sharing the reference data across applications.
                              C) It often represents Project line of business.
                              D) It can exist in more than one Ledger.


                              Solutions:

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

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