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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: FinOps Lifecycle | 30% | - Inform phase - Operate phase - Optimize phase |
| Topic 2: FinOps Capabilities | 28% | - Activities associated with each capability - Understand FinOps capability pillars |
| Topic 3: What Is FinOps & FinOps Principles | 12% | - Define FinOps - Understand each FinOps principle |
| Topic 4: Terminology & the Cloud Bill | 10% | - FinOps and finance terms - Cloud billing and terminology basics |
| Topic 5: Challenge of Cloud | 8% | - Recognize differences between cloud and traditional IT - Understand the challenges of working with cloud |
| Topic 6: FinOps Teams & Motivation | 12% | - Team positioning and motivation - Roles and responsibilities of FinOps teams |
1. Your currently working with the head of finance to understand how to identify specific cloud usage to specific business units.
What would we use to account for costs for each business units and then debit the business unit for the cloud usage?
A) Resevationss
B) Turnback
C) Allocation
D) Showback
E) Chargeback
2. In regards to the FinOps Maturity Model Guidelines which of the following statements would be true regarding the Maturity Level Characteristics for 'Run'. (Select One)
A) Automation and/or processes cover most of the Capability requirements
B) Automation is the not always the preferred approach
C) Measurements only provide insight into the benefits of maturing the capability
D) Capability is understood and followed by all teams within the organization
3. Which of these describes the primary goal/motivation of the IT Finance Manager persona?
A) Deliver faster and high quality services to the organization, while maintaining business as usual
B) Cloud platform relationship management
C) Accurately budget, forecast, and report cloud costs
D) Drive accountability, build transparency, and ensure teams are efficient and not over budget
4. 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) Tagging and cost allocation can provide insight into resource spending.
B) Use communications to relay that forecasting is being used for decision making.
C) Only use cloud provider tools since they are based solely on the cloud platform.
D) Cloud forecasting is best used in organizations that are not centralized.
E) Use forecasting models to help provide predicable models for consistency.
5. What is the name of the resource you would look at to identify the full list of the columns that can appear in AWS Cost and Usage Reports (AWS CUR) and the services that the columns apply to? (Select One)
A) Billing Statement
B) Organization Resource
C) S3 Repository
D) Data Dictionary
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A,B,E | Question # 5 Answer: D |
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