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The CFO has just approached the FinOps team members and requested that all costs that are being submitted and analyzed should be amortized. The CFO also requested that the costs be allocated to each business unit. Would this be a best practice? (True or False)
The CFO has just approached the FinOps team members and requested that all costs that are being submitted and analyzed should be amortized. The CFO also requested that the costs be allocated to each business unit. Would this be a best practice? (True or False)A . True B. FalseView AnswerAnswer:...
What would the next stage for the organization to accomplish?
Your organization has recently adopted a FinOps based method for dealing with adopting FinOps. Currently, your organization has recently completed 'Laying the Groundwork' for FinOps culture in your company. What would the next stage for the organization to accomplish? (Select One)A . Preparing the organization for FinOps B. Planning for...
A centralized FinOps team should be able to drive FinOps. True or False (Select One)
A centralized FinOps team should be able to drive FinOps. True or False (Select One)A . True B. FalseView AnswerAnswer: A Explanation: One of the principles of FinOps revolves around centralization since we must be able to standardize the best practices thru the organization. Changing the culture of an organization...
What is the term we would call this pricing strategy?
Cloud providers such as AWS and GCP allow for discounts by letting customers commit to a cloud service provider for a set amount of resource usage such as using a Reserved Instance or Committed Discounts. What is the term we would call this pricing strategy? (Select One)A . Allocations B....
The spending patterns have changed quite a bit when compared to on premises consumption models.
The spending patterns have changed quite a bit when compared to on premises consumption models. Which of the following statements would correct how DevOps and Cloud have changed IT purchasing.A . Finance has more visibility into purchasing than before with CAPEX funding B. Spending is static C. Engineers have the...
When a resource charge is discounted by a reservation what would that usage be called? (Select One)
When a resource charge is discounted by a reservation what would that usage be called? (Select One)A . Amoratized B. Covered C. Blended D. ReducedView AnswerAnswer: B Explanation: When a resource charge is discounted by a reservation, you call it covered. The usage is being covered by the reservation, and...
How has cloud computing impacted enterprise financial operations? (Select Two)
How has cloud computing impacted enterprise financial operations? (Select Two)A . Change from a fixed spending model to a variable spending model B. Utilization of an OPEX based procurement C. Change from a variable spending model to a fixed spending model D. Utilization of CAPEX based procurementView AnswerAnswer: A,B Explanation:...
Which phase of the FinOps cycle is where continuous optimization should really occur? (Select One)
Which phase of the FinOps cycle is where continuous optimization should really occur? (Select One)A . Optimize B. Operate C. InformView AnswerAnswer: B Explanation: The lifecycle phase operate in summary is focused continuous improvement. It is critical you understand these three phases for the exam. Review this page here. FinOps...
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 . Fixed B. Proportional C. Odd Split...
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 cheerleading B. Drive best practices into the organization through education, standardization and cheerleading. C. Drive best practices into the organization through education, optimization and...
