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What would we use to account for costs for each business units and then debit the business unit for the cloud usage?
Your currently working with the head of finance to understand how to identify specific cloud usage to specific business units. What would we use to account for costs for each business units and then debit the business unit for the cloud usage?A . ChargebackB . ResevationsC . ShowbackD . AllocationE...
What tools in AWS could you identify?
Your business unit has decided to use AWS for its cloud services for production. Other business units have been AWS for both development and production use cases. You have been asked to provide tools in AWS that can provide recommendations for reducing costs and getting insight into better ways of...
Which of the following would be a true statement regarding the decision making in a FinOps organization?
FinOps as we likely learned requires a culture shift in how our organization addresses cloud spend. Which of the following would be a true statement regarding the decision making in a FinOps organization? (Select One)A . The Cloud Cost Center of Excellence (CCoE) makes all decisions around cloud spendingB ....
Distributed decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization. (True or False)
Distributed decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization. (True or False)A . FalseB . TrueView AnswerAnswer: B Explanation: Statement is correct. Remember that FinOps is really about...
Which of the following statements would be a correct description of the Inform Phase?
The FinOps journey consists of three iterative phases ― Inform, Optimize and Operate. Which of the following statements would be a correct description of the Inform Phase? (Select One)A . Continuously evaluate business objectives and the metrics they are tracking against those objectives, and how they are trending.B . Optimize...
What is the primary goal of a FinOps Practitioner in an organization? (Select One)
What is the primary goal of a FinOps Practitioner in an organization? (Select One)A . Drive best practices into the organization through cost cutting, standardization, and cheerleadingB . Drive best practices into the organization through education, standardization and cheerleading.C . Drive best practices into the organization through education, optimization and...
Which of the following are not considered goals of the FinOps journey? (Select Two)
Which of the following are not considered goals of the FinOps journey? (Select Two)A . EfficiencyB . BenchmarkingC . ForecastingD . VisibilityE . SLO'sF . AllocationView AnswerAnswer: A,E Explanation: The Inform Phase of the FinOps journey is about understanding the current state of your system. Due to the on-demand 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...
What approach would we want to use if we wanted to use a 'relative percentage of direct costs' for our costs?
When considering shared costs we know that there are three main ways to accomplish this according to the FinOps Foundation. What approach would we want to use if we wanted to use a 'relative percentage of direct costs' for our costs? (Select One)A . FixedB . ProportionalC . Odd SplitD...
Which of the following are some common reasons it can be harder to bill and report on Kubernetes costs? (Select Two)
Which of the following are some common reasons it can be harder to bill and report on Kubernetes costs? (Select Two)A . Kubernetes clusters are never shared with applications run by any number of teamsB . Containerized environments are much more dynamic than non-containerized onesC . One-to-one mappings of tags...
