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Which of the following statements would be a correct description of the Inform Phase?
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...
Which of the following is the FinOps simple definition of 'forecasting'. (Select One)
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...
What is the model of constraints that is used in project management called? (Select One)
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 TriangleView AnswerAnswer: D Explanation: The Iron Triangle (Project Triangle”), is a model of the constraints of project management: speed, cost, and quality. It...
What is the primary goal for a Chief Executive Officer (CEO)?
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 is the correct order of the FinOps Lifecycle phases?
Please refer to the graphic of the Phases of the FinOps Lifecycle for this question What is the correct order of the FinOps Lifecycle phases? Please replace 1,2,3 with correct sequence (Select One)A . Inform, Operate and Optimize B. Inform, Optimize and Operate C. Optimize, Inform, Operate D. Optimize, Operate,...
What term would we use to define the act of changing the size of provisioned resources to one that better matches needs? (Select One)
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. ProvisioningView AnswerAnswer: A Explanation: Right Sizing When a cloud resource is provisioned larger than is required, such...
What is the correct definition of an image? (Select One)
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.,...
'IT Asset Management' would be under what domain according to the FinOps Foundation? (Select One)
'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 OptimizationView AnswerAnswer: C Explanation: There are six specific domains in FinOps according to the FinOps Foundation. We...
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)
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. FalseView AnswerAnswer: A Explanation: Kubernetes is a challenge to manage, both on premises and in the cloud. Containerized environments...
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...
