Question No : 1
Which of following is a simple formula for cloud spending? (Select One)

• A.Spend = Usage × Rate -Discounts
• B.Spend = Usage × Rate
• C.Spend = Discount × Rate
• D.Spend = Usage × Zone x Rate - Discount

Show Answers

Answer:
Explanation:
The simple formula plays a key part of deciding both how to optimize and who in the organization takes optimization.
Usage could be the number of hours of a resource used and the rate is the hourly (or per second) amount paid for the usage of that resource.

Question No : 2
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 power to spend company money with code
• D.Spending is dynamic

Show Answers

Answer:
Explanation:
The cloud brings many new challenges such as procurement changes, culture changes, etc. Spending with cloud is certainly not static and even in a fully functional FinOps organization spending will always be changing. Finance needs to adjust to its new role as more of a moderator than a gatekeeper. Engineers will need to get work done and may very use more resources than needed.

Question No : 3
Which of the following methods would we use if we wanted to ensure 'a user defined coefficient' ? (Select One)

• A.Target Split
• B.Fixed
• C.Even Split
• D.Proportional

Show Answers

Answer:
Explanation:
There are typically three ways to split up shared costs:
Proportional: Based on relative percentage of direct costs
Even split: Split total amount evenly across targets
Fixed: User-defined coefficient (the sum of coefficients needs to be 100%)
This page here is perhaps one of the most important pages to review and understand before the exam. Identifying Shared Costs

Question No : 4
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.Provisioning

Show Answers

Answer:
Explanation:
Right Sizing
When a cloud resource is provisioned larger than is required, such as having too much memory or compute power, it’s considered oversized. Rightsizing is the act of changing the size of provisioned resources to one that better matches needs.

Question No : 5
Which of the following would be the correct description of what a 'cluster' is in Kubernetes? (Select One)

• A.A template of services to be ran in Kubernetes
• B.A group of server instances, managed by container orchestration.
• C.A template of a container with the software that needs to be run.
• D.An instance of a container image

Show Answers

Answer:
Explanation:
There are a number of terms for Kubernetes that we need to be aware for the exam. It can be challenging at first to confuse a cluster, pod, service, image, namespace, etc. Please review the table here Container Costs

Question No : 6
There are effectively two 'levers' that are used to reduce costs in cloud computing.
What are they? (Select Two)

• A.Restructuring Costs
• B.Mitigating Costs
• C.Avoiding Costs
• D.Reducing Costs

Show Answers

Answer:
Explanation:
There are two levers. 1.Reduce what you use and we call this avoiding costs 2. Pay less for what you use and we call this rate reduction

Question No : 7
When rightsizing your containers which of following would be focused on responding dynamically to different conditions? (Select One)

• A.Autoscaling
• B.Load Balancing
• C.Cluster Rightsizing
• D.Node Rightsizing

Show Answers

Answer:
Explanation:
Autoscaling provides the ability to respond dynamically to different conditions, such as increased or decreased demand. This can take some architecting and iterative adjustments to get right for your application, and there is room for waste along the way. However, the more tightly your horizontal pod autoscaling (when we need more / less pods) and cluster autoscaling (when do we need more / less nodes) are configured, the less waste and unnecessary cost to run your application. Please review this page before the exam. (Section Optimize)
https://www.finops.org/projects/calculating-container-costs/

Question No : 8
Which of the following would be considered a 'measure of success' for a FinOps based organization? (Select Two)

• A.The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department
• B.FinOps team can define desired level of training requirements
• C.Overall Tagging Compliance is 90% or above
• D.Overall Tagging Compliance is 70% or above

Show Answers

Answer:
Explanation:
The FinOps Foundation provides some insight into what is considered a measure of success.
Measure(s) of Success
Overall Tagging Compliance is 90% or above
The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department Most product teams are publishing information related to their unit economics
FinOps team can define desired level of commitment coverage vs. utilization Please review this page before the exam. Success Measures

Question No : 9
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 primary
goal for a Chief Technology Officer (CTO)? (Select One)

• A.Quickly bring new products and features to market with an accurate price point.
• B.Deliver faster and high quality services to the organization, whilst maintaining business as usual
• C.Cloud platform relationship management
• D.Leverage technology to give the business a market and competitive advantage

Show Answers

Answer:
Explanation:
There are clearly labeled roles for each 'Persona' and we must learn these for the exam. FinOps Personas

Question No : 10
When comparing TBM and FinOps, which one would focus on results mainly on speed? (Select One)

• A.FinOps
• B.TBM

Show Answers

Answer:
Explanation:
FinOps is focused on results much more frequently than with TBM. TBM is monthly or quarterly focused whereas FinOps collects and reviews data constantly.