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| Section | Objectives |
|---|---|
| FinOps Operations | - Cost optimization techniques - Budgeting and forecasting |
| FinOps Fundamentals | - FinOps principles and lifecycle - Cloud cost allocation concepts |
| FinOps Governance and Collaboration | - Stakeholder collaboration (engineering, finance, product) - Policy and accountability in cloud spend |
| Understanding Cloud Usage and Cost | - Cost visibility and reporting - Cloud billing models and pricing structures |
1. Cloud Forecasting can be a challenge, especially in large disparate organizations. Centralization can be a helpful factor but also there are some focus areas that we can use to 'break the challenge into addressable parts'. (Select Three)
A) Cloud forecasting is best used in organizations that are not centralized.
B) Use communications to relay that forecasting is being used for decision making.
C) Use forecasting models to help provide predicable models for consistency.
D) Only use cloud provider tools since they are based solely on the cloud platform.
E) Tagging and cost allocation can provide insight into resource spending.
2. FinOps as we likely learned requires a culture shift in how our organization addresses cloud spend.
Which of the following would be a true statement regarding the decision making in a FinOps organization? (Select One)
A) Distributed decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization.
B) Centralized decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization.
C) The Cloud Cost Center of Excellence (CCoE) makes all decisions around cloud spending
D) FinOps processes enable these teams to operate at high velocity while improving the profits of the company.
3. Some cloud resources and reservations come with an upfront fee. The __________ of a resource takes an initial payment into account and divides it out, attributing the pro-rated cost for each unit of billing.
A) Upfront fee
B) Fully-loaded cost
C) Blended rate
D) Amortized costs
4. Your business unit has decided to use Azure for its cloud services for production. Other business units have been Azure for both development and production use cases. You have been asked to provide tools in Azure that can provide recommendations for reducing costs and getting insight into better ways of resource management.
What tools in Azure could you identify? (Select Two)
A) Trusted Advisor
B) Azure Advisor
C) Recommender
D) Azure has only one tool
5. This term describes the amount of a commitment-based discount that went unused for a given time frame.
A) Amortization
B) Blended cost
C) Vacancy
D) Uncommitted capacity
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B,C | Question # 5 Answer: C |
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