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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,...
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 ....
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 ....
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...
What tools in Azure could you identify?
Your business unit has decided to use Azure for its cloud services for production. Other business units have been Azure for both development and production use cases. You have been asked to provide tools in Azure that can provide recommendations for reducing costs and getting insight into better ways of...
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...
FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)
FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)A . North PoleB . Guiding LightsC . AurorasD . North StarsView AnswerAnswer: D Explanation: Reference https://www.finops.org/framework/principles/ FinOps Principles are north stars that guide the activities of our FinOps practice. They’re developed by FinOps Foundation members,...
What is the primary 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...
What would the next stage for the organization to accomplish?
Your organization has recently adopted a FinOps based method for dealing with cloud costs and adopting FinOps. Currently, your organization has recently completed 'Step Two' for FinOps culture in your company. What would the next stage for the organization to accomplish? (Select One)A . Socializing FinOps for adoption in an...
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...
