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Which of the following a native tool in AWS that we would use in our FinOps exercises to understand costing issues, get recommendations, etc.
Which of the following a native tool in AWS that we would use in our FinOps exercises to understand costing issues, get recommendations, etc.A . Cost and Usage ReportsB . Cost ExplorerC . Trusted AdvisorView AnswerAnswer: B Explanation: Cost Explorer is a free tool that AWS offers to all customers...
Which of the following would be the most direct description of what FinOps is about? (Select One)
Which of the following would be the most direct description of what FinOps is about? (Select One)A . FinOps brings administrative accountability to the variable spend model of cloud.B . FinOps is about both culture and creating savings in the world of cloud computing.C . FinOps brings financial accountability to...
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 . FalseB . TrueView AnswerAnswer: B Explanation: Iterative meaning that we will likely not get it totally correct right away. From dealing with shared services, poor tag management, containers,...
What would be some common names that could used for a FinOps team? (Select Three)
What would be some common names that could used for a FinOps team? (Select Three)A . Cloud Economics TeamB . Cloud Support OfficeC . Cloud Center of ExcellenceD . Cloud Business OfficeE . Chief Information OfficeView AnswerAnswer: A,C,D Explanation: A FinOps team may have different names in difference organizations. Here...
What would be two factors you must consider when organizing your team?
You have been asked to assemble the first FinOps team for your company. What would be two factors you must consider when organizing your team? (Select Two)A . Cloud provider billing modelsB . Complexity of the Cloud usageC . Location of your team membersD . Complexity of your organizationView AnswerAnswer:...
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...
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 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 ....
What is the primary goal for the procurement business unit?
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...
'Manage Commitment Based Discounts' would be under what domain according to the FinOps Foundation? (Select One)
'Manage Commitment Based Discounts' would be under what domain according to the FinOps Foundation? (Select One)A . Cloud Usage OptimizationB . Performance Tracking and BenchmarkingC . Cloud Rate OptimizationD . Organizational AlignmentView AnswerAnswer: C Explanation: There are six specific domains in FinOps according to the FinOps Foundation. We will want...
