Question 1

A company using multiple cloud providers needs to develop a consolidated budget forecast to support multi-cloud cost optimization. Their goal is to manage budget expectations accurately across different teams with varying needs and usage patterns. Which two approaches would be most effective in building an accurate and actionable forecast?

Options :

A : Aggregating forecasts for each cloud provider separately and combining them without adjustments to create a single budget estimate.

B : Applying a weighted average growth rate based on each provider’s historical spend to project future costs more accurately.

C : Using a single uniform growth rate for all providers to simplify forecast calculations and avoid provider-specific adjustments.

D : Creating a forecast that incorporates each team’s projected growth rate, demand elasticity, and anticipated usage changes.

Answer: B,D

Question 2

When setting up a benchmarking process to compare cloud costs against industry standards, which of the following practices best supports continuous optimization and actionable insights? (Select two)

Options :

A : Use multiple industry benchmarks to compare different aspects of cloud spending, such as storage and compute separately.

B : Focus exclusively on unit economics (e.g., cost per transaction) rather than absolute spending to facilitate meaningful comparisons.

C : Incorporate benchmarks for both cost and performance to ensure that cost savings do not compromise service quality.

D : Benchmark cloud costs only once a year to reduce the time spent on benchmarking processes.

Answer: A,C

Question 3

Which of the following actions are critical in establishing effective cloud governance policies for an organization focused on FinOps practices? (Select two)

Options :

A : Defining cost ownership roles with accountability at both the project and resource levels

B : Allowing each department to create custom tags for resources to promote flexibility in cost allocation

C : Implementing automated tagging policies across all cloud resources to enable better cost tracking and allocation

D : Enforcing a single fixed budget policy across all cloud projects to maintain cost control

Answer: A,C

Question 4

An organization is integrating FinOps practices with IT Asset Management (ITAM) to gain comprehensive visibility into cloud usage and costs. A key challenge is ensuring accurate tracking and management of cloud-based resources, especially those that are dynamically provisioned and decommissioned. Which of the following practices would best support this integration and improve oversight of cloud assets?

Options :

A : Implement a real-time asset inventory system that synchronizes with cloud providers to automatically update records as resources are created or deleted.

B : Establish a policy requiring all dynamically provisioned resources to be manually registered in the ITAM system by the resource owner upon creation.

C : Use quarterly manual audits to identify cloud resources and update the ITAM database to reflect current usage and ownership.

D : Use automated tagging and metadata policies to classify cloud resources by department, project, and lifecycle status, ensuring they are included in ITAM reports.

Answer: A,D

Question 5

When developing a business case for a new FinOps initiative, which of the following elements are MOST critical in demonstrating the potential long-term value of the initiative to executive stakeholders?

Options :

A : Metrics showing alignment with broader organizational goals, such as profitability and growth

B : Projected cloud cost savings in the first quarter following implementation

C : Case studies from other organizations showcasing similar FinOps initiatives

D : A roadmap detailing scalability and integration with future cloud technologies

Answer: A,D