In the world of FinOps the process of spreading out shared costs is iterative, and evolves over time. (True or False)

In the world of FinOps the process of spreading out shared costs is iterative, and evolves over time. (True or False)
A . False
B . True

View Answer

Answer: B

Explanation:

Iterative meaning that we will likely not get it totally correct right away. From dealing with shared services, poor tag management, containers, etc. We have to work at getting this process documented and setup in our environment. The process of spreading out shared costs is iterative, and evolves over time. The goal of splitting these costs is that products have a complete and holistic view of their actual running costs. As the process becomes more mature, confidence in the accuracy of the distribution should grow. Cost centers or teams should have a greater ability to be able to optimize or influence these shared costs.

Please review How do you know you’re on the right track? on this page Identifying Shared Costs