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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 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 . ResevationssC . ShowbackD . AllocationE...
Which are the correct FinOps Principles? (Select Six)
Which are the correct FinOps Principles? (Select Six)A . A centralized team drives FinOpsB . Engineering is solely responsible for cloud usageC . FinOps reports should be accessible and timelyD . Teams need to collaborateE . Everyone takes ownership of cloud usageF . Take advantage of the variable cost model...
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: FinOps...
When it comes to the FinOps principle of 'A centralized team drives FinOps' which of the following statements would be true?
FinOps Principles are north stars that guide the activities of our FinOps practice. They’re developed by FinOps Foundation members, and honed through experience. When it comes to the FinOps principle of 'A centralized team drives FinOps' which of the following statements would be true? (Select Two)A . Centralized discount buying...
Which of the following would be the 'primary advantages' of using cloud over on premises services? (Select Two)
Which of the following would be the 'primary advantages' of using cloud over on premises services? (Select Two)A . Cost SavingsB . Speed of deliveryC . InnovationD . Ease of useView AnswerAnswer: AB Explanation: Correct Answers: Speed of Delivery and Innovation Cloud provides many benefits. Cost savings and ease of...
goal for a Chief Technology Officer (CTO)?
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...
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: A Explanation: There are typically three ways to split up shared costs: Proportional: Based on relative percentage of direct...
How does AWS name the allocation metadata?
Each major cloud provider labels the platforms 'allocation metadata' a specific way. How does AWS name the allocation metadata? (Select One)A . “Resource tags”, “Linked Accounts” and “groups”B . “Subscription'. 'Labels” and “billing accounts”C . “Resource tags”, “Linked Accounts” and “Organizations”D . “Subscriptions”, “resource groups” and “resource tags”View AnswerAnswer: C...
Which of the following two exercises would be understand Stage 1?
Your currently adopting FinOps in your organization and are in Stage 1 - Planning for FinOps in an organization. Which of the following two exercises would be understand Stage 1? (Select Two)A . Practice FormationB . Do Your ResearchC . Build a ToolboxD . Create a PlanView AnswerAnswer: B,D Explanation:...
