- All Exams Instant Download
Which of the following would be correct when comparing TBM to FinOps? (Select Three)
Which of the following would be correct when comparing TBM to FinOps? (Select Three)A . TBM takes a top-down view whereas FinOps takes a more bottoms up view.B . FinOps has great controls into cloud, granularity, and prescriptive methods but does not include decision data.C . FinOps focuses on cloud...
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 . TrueB . FalseView AnswerAnswer:...
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 OptimizeB . Inform, Optimize and OperateC . Optimize, Inform, OperateD . Optimize, Operate,...
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 . AllocationsB ....
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...
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 . TrueB . 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...
How does AWS name the allocation metadata?
Each major cloud provider labels the platforms 'allocation metadata' a specific way. How does AWS name the allocation metadata? (Select One)A . “Resource tags”, “Linked Accounts” and “groups”B . “Subscription'. 'Labels” and “billing accounts”C . “Resource tags”, “Linked Accounts” and “Organizations”D . “Subscriptions”, “resource groups” and “resource tags”View AnswerAnswer: C...
Which of the following are phases in the FinOPS Lifecycle? (Select Three)
Which of the following are phases in the FinOPS Lifecycle? (Select Three)A . PerformB . OperationalizeC . ImplementD . IdentifyE . InformView AnswerAnswer: B,D,E Explanation: According to the FinOps Foundation the FinOps journey consists of three iterative phases ― Inform, Optimize and Operate. Any company may be in multiple phases...
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...
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 . AmoratizedB . CoveredC . BlendedD . 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...
