Question 1

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

Question 2

A FinOps team at a SaaS company is analyzing its unit economics to understand the cost per user session across different product lines. Their goal is to assess the efficiency of their cloud spending and identify areas for optimization. Which two strategies should they use to accurately calculate and interpret the cost per user session?

Options :

A : Use historical session data to forecast future usage and adjust cost per session calculations

B : Allocate fixed infrastructure costs evenly across all user sessions to simplify calculations

C : Break down costs by variable components, such as compute time and storage per session

D : Ignore network transfer costs since they are minor compared to compute and storage costs

Answer: A,C

Question 3

Your organization operates in a multi-cloud environment with a variety of services, and sudden spikes in certain cloud resources have led to budget overages. As the FinOps lead, you need to implement an anomaly detection approach to monitor and address unexpected spending across providers. Which of the following strategies will best help you maintain effective anomaly detection across multiple cloud platforms?

Options :

A : Use provider-specific tools for anomaly detection and then aggregate findings into a central FinOps dashboard.

B : Establish a baseline for each cloud provider and apply relative threshold alerts based on deviations from that baseline.

C : Implement an automated tagging policy to categorize costs by resource type, enabling faster identification of anomaly sources.

D : Standardize anomaly detection metrics across all cloud providers, focusing on CPU usage and storage costs.

Answer: A,B

Question 4

Scenario: An organization is in the early stages of its FinOps journey. The FinOps lead has been tasked with building a cross-functional team to drive cloud financial management initiatives. The team consists of members from finance, IT, operations, and development. Initial feedback indicates that each team member has varying levels of understanding about cloud cost management, which is causing delays in collaboration and project progress.Which approach should the FinOps lead take to foster a collaborative and cohesive team environment while addressing skill gaps?

Options :

A : Hire a consultant to take over the FinOps responsibilities until the team can work more cohesively.

B : Implement a rotational training program, where each team member shares their expertise in regular knowledge-sharing sessions.

C : Assign the most knowledgeable team member as the sole point of contact for all FinOps-related decisions.

D : Focus on finance-related training first, as financial acumen is essential for all team members to understand cloud cost management.

Answer: B

Question 5

As a FinOps practitioner, you're tasked with ensuring that your organization's cloud infrastructure is both cost-effective and compliant with evolving global regulations, including the Health Insurance Portability and Accountability Act (HIPAA) and the Financial Industry Regulatory Authority (FINRA) standards. Which of the following actions would best support both compliance and cost management in a FinOps context? (Choose two)

Options :

A : Ensure that all data, regardless of sensitivity, is encrypted at rest and in transit to prevent unauthorized access.

B : Establish a tagging policy to track costs associated with HIPAA and FINRA-compliant resources separately, enabling visibility into compliance-related expenses.

C : Utilize cost-efficient, shared multi-tenant storage for all data, including sensitive information, to optimize expenses.

D : Regularly review and optimize cloud access permissions based on role, limiting high-cost resources to only those requiring compliance-level access.

Answer: B,D

Smartly Prepare Exam with Free Online FinOps-Certified-Professional Practice Test

Buying Options: