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What is FinOps really about at its fundamental level? (Select One)
What is FinOps really about at its fundamental level? (Select One)A . Saving money on cloud costsB . Drive business valueC . Reduce staffD . Centralized procurementView AnswerAnswer: B Explanation: Drive Business Value Definition from FinOps Foundation. FinOps ensures you get the most value out of every dollar spent in...
When a resource charge is discounted by a reservation what would that usage be called? (Select One)
When a resource charge is discounted by a reservation what would that usage be called? (Select One)A . AmoratizedB . CoveredC . BlendedD . ReducedView AnswerAnswer: B Explanation: When a resource charge is discounted by a reservation, you call it covered. The usage is being covered by the reservation, and...
What type of expense would consider this?
Your FinOps lead has requested all cloud expenses and would like to understand all costs realized and paid for this quarter. What type of expense would consider this? (Select One)A . Costs of Goods Sold (COGS)B . Weighted Average Cost of Capital (WACC)C . Capital Expenditure (CAPEX)D . Operational Expenditure...
In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)
In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)A . FalseB . TrueView AnswerAnswer: A Explanation: Spending is a concern for everyone, whether the finance team, engineering, production, etc. Please review What is FinOps
What is Technology Business Management (TBM)? (Select One)
What is Technology Business Management (TBM)? (Select One)A . TBM is a value management framework for decision making.B . TBM is an engineering framework used for FinOpsC . TBM is a value management framework for cost managementD . TBM is a cost management framework for accountantsView AnswerAnswer: A Explanation: TBM...
FinOps Principles are north stars that guide the activities of our FinOps practice. These principles are clearly broken down and we must encourage members to practice these. When it comes to these principles which of the following activities would be under the 'Teams need to Collaborate' principle? (Select One)
FinOps Principles are north stars that guide the activities of our FinOps practice. These principles are clearly broken down and we must encourage members to practice these. When it comes to these principles which of the following activities would be under the 'Teams need to Collaborate' principle? (Select One)A ....
Which of the following methods would we use if we wanted to ensure 'a user defined coefficient' ? (Select One)
Which of the following methods would we use if we wanted to ensure 'a user defined coefficient' ? (Select One)A . Target SplitB . FixedC . Even SplitD . ProportionalView AnswerAnswer: B Explanation: There are typically three ways to split up shared costs: Proportional: Based on relative percentage of direct...
What are they?
There are effectively two 'levers' that are used to reduce costs in cloud computing. What are they? (Select Two)A . Restructuring CostsB . Mitigating CostsC . Avoiding CostsD . Reducing CostsView AnswerAnswer: C,D Explanation: There are two levers. 1.Reduce what you use and we call this avoiding costs 2. Pay...
FinOps Practitioners use ___________________________ to provide insight into how well an organization is doing with cloud spend. (Select One)
FinOps Practitioners use ___________________________ to provide insight into how well an organization is doing with cloud spend. (Select One)A . Cloud Performance BenchmarkingB . Cloud Networking ReportsC . Cloud Billing ReportsD . Cloud ToolsView AnswerAnswer: A Explanation: Benchmarking is important because it provides a reference to measure against. There are...
What is the primary goal for the Engineering Lead?
When proposing the adoption of a FinOps function within an organization, there will be a need to brief a variety of personas among the executive team to gain approval, buy-in, and involvement in conducting FinOps and achieving its goals. Every role has a clearly documented Primary Goal. What is the...
