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

View Answer

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/