Question 1

State whether the following statement is true or false.

The Fin-Ops principles are in no particular order, and they should be taken as a whole.

Options :

A : True

B : False

Answer: A

Question 2

Which of these techniques can a FinOps team use to help break down silos between IT, Finance, and Business teams?

Options :

A : Identify and highlight mistakes by teams in group meetings so everyone can learn

B : Ensure a FinOps team representative attends any meeting between teams

C : Identify an appropriate cost metric to use in all reporting and communicate it to all teams.

D : Ensure the executive sponsor of the FinOps team is aware of any issues identified in other teams so they can be addressed at the C-level

E : Encouraging teams to report in the way that suits them

Answer: B

Question 3

What are some of the commonly cited pain points when it comes to financial cloud management?

Options :

A : Accurate forecasting and eliminating unnecessary cloud waste

B : Lack of visibility and limited functionality

C : Oversizing and lack of automation

D : All of the above

Answer: D

Question 4

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)

Options :

A : Leverage technology to give the business a market and competitive advantage

B : Drive best practices into the organization through education, standardization, and cheerleading

C : Quickly bring new products and features to market with an accurate price point.

D : Deliver faster and high quality services to the organization, whilst maintaining business as usual

Answer: A

Question 5

What two outcomes does the FinOps team seek above all? (Select two)

Options :

A : culture of accountability and an understanding of the unit economics of the business costs

B : Optimization and operation

C : Fully allocated costs and a well-managed commitment-based discount portfolio

D : Breaking down cultural barriers and distributed responsibility for managing Cloud usage Costs.

Answer: B,D