Issue
Missing 'Scheduled Processes' function under the Navigator > Tools.
Investigation Done
Default installation does not assign roles such as Employee, Contingent Worker, Application Administrator, Corporate Marketing Manager etc to the SuperUser account. The SuperUser account could be FAADMIN or any other user defined SuperUser accounts.
Resolution
Simply assign an external role of 'Employee' to the SuperUser account. Logout and login, and navigate to Navigator > Tools and you will now be able to see the function 'Scheduled Processes'
Environment
Oracle Fusion Applications 11.1.7