FOCP exam

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Which of the following statements would be a correct description of the Inform Phase?

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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 their cloud footprint. Cloud providers offer multiple levers to optimize.
C. Empowering organizations and teams with visibility, allocation, benchmarking, budgeting, and forecasting.

Answer: C

Explanation:

Empowering organizations and teams with visibility, allocation, benchmarking, budgeting, and forecasting.

This is the first phase in the FinOps journey, empowering organizations and teams with visibility, allocation, benchmarking, budgeting, and forecasting. The on-demand and elastic nature of cloud, along with customized pricing and discounts, makes it necessary for accurate and timely visibility for intelligent decisions. Accurate allocation of cloud spend based on tags, accounts, or business mappings enable accurate chargeback and showback. Business and financial stakeholders also want to ensure they are driving ROI while staying within budget and accurately forecasting spend, avoiding surprises. Benchmarking as a cohort and against teams provides organizations with the necessary metrics to develop a high performing team.

For the exam it is critical we can distinguish between the Phases…

This is direct from the FinOps Foundation https://www.finops.org/framework/phases/

Which of the following is the FinOps simple definition of ‘forecasting’. (Select One)

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Which of the following is the FinOps simple definition of ‘forecasting’. (Select One)
A . Forecasting is the practice of predicting future spending
B. Forecasting is the practice of predicting future profits
C. Forecasting is the practice of negotiating future cloud spend
D. Forecasting is the practice of negotiating future cost overuns

Answer: A

Explanation:

combination of historical spending and an evaluation of future plans. understanding how future cloud

infrastructure and application lifecycle changes may impact current budgets and influence budget

planning and future cloud investment decisions.

Review this page Forecasting

What is the model of constraints that is used in project management called? (Select One)

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What is the model of constraints that is used in project management called? (Select One)
A . Cloud Management Model
B. Resource Triangle
C. Project Model
D. Iron Triangle

Answer: D

Explanation:

The Iron Triangle (Project Triangle”), is a model of the constraints of project management: speed, cost, and quality. It contends that a project manager can trade among constraints in determining the way a project is completed. A change in one constraint necessitates changes in the others to compensate. With FinOps we would use measures such as good, fast and cheap.

What is the primary goal for a Chief Executive Officer (CEO)?

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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 primary goal for a Chief Executive Officer (CEO)? (Select One)
A . Assurance that cloud investments are aligned with business objectives
B. Quickly bring new products and features to market with an accurate price point.
C. Leverage technology to give the business a market and competitive advantage
D. Drive best practices into the organization through education, standardization, and cheerleading

Answer: A

Explanation:

Assurance that cloud investments are aligned with business objectives

There are clearly labeled roles for each ‘Persona’ and we must learn these for the exam. FinOps Personas

What term would we use to define the act of changing the size of provisioned resources to one that better matches needs? (Select One)

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What term would we use to define the act of changing the size of provisioned resources to one that better matches needs? (Select One)
A . Right-Sizing
B. Cost Avoidance
C. Cost Reduction
D. Provisioning

Answer: A

Explanation:

Right Sizing

When a cloud resource is provisioned larger than is required, such as having too much memory or compute power, it’s considered oversized. Rightsizing is the act of changing the size of provisioned resources to one that better matches needs.

What is the correct definition of an image? (Select One)

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What is the correct definition of an image? (Select One)
A . A group of server instances, managed by container orchestration.
B. A template of a container with the software that needs to be run.
C. Virtual cluster where pods/containers can be deployed separately from other namespaces.
D. Cloud server (e.g., EC2 instance, virtual machine).

Answer: B

Explanation:

There are a number of terms for Kubernetes that we need to be aware for the exam. It can be challenging at first to confuse a cluster, pod, service, image, namespace, etc. Please review the table here Container Costs

‘IT Asset Management’ would be under what domain according to the FinOps Foundation? (Select One)

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‘IT Asset Management’ would be under what domain according to the FinOps Foundation? (Select One)
A . Cloud Usage Optimization
B. Performance Tracking and Benchmarking
C. Understanding Cloud Usage and Cost
D. Cloud Rate Optimization

Answer: C

Explanation:

There are six specific domains in FinOps according to the FinOps Foundation. We will want to be able to understand what topics are covered by each domain. The FinOps Foundation has put out an excellent downloadable poster that we should use as a study aid. https://www.finops.org/img//resources/FinOps%20Poster_011021.pdf

One of the reasons that managing Kubernetes costs in the cloud can be challenging is that the average lifespan of a container is one day. (True or False)

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One of the reasons that managing Kubernetes costs in the cloud can be challenging is that the average lifespan of a container is one day. (True or False)
A . True
B. False

Answer: A

Explanation:

Kubernetes is a challenge to manage, both on premises and in the cloud. Containerized environments are much more dynamic than non-containerized ones, with the average lifespan of a container being one day versus a typically much longer utilization time for a VM. Given the dynamic nature of the Kubernetes scheduler, workloads can be rescheduled across instance type, zone, or even region. This makes cost management even more complex, as you must keep up with the rapid pace of change.

What is the primary goal for the procurement business unit?

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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 primary goal for the procurement business unit? (Select One)
A . Assurance that cloud investments are aligned with business objectives
B. Cloud platform relationship management
C. Quickly bring new products and features to market with an accurate price point.
D. Drive best practices into the organization through education, standardization, and cheerleading

Answer: B

Explanation:

Cloud Platform Management

There are clearly labeled roles for each ‘Persona’ and we must learn these for the exam. FinOps Personas