1. Which is one of the core principles of FinOps?
a. Take advantage of the variable cost model of cloud
b. Keep everything simple, using the minimum number of services
c. Cost savings in the cloud is the only success metric
d. Think first about the cost of cloud, then business value
e. Understand Fully Loaded Costs
2. During the optimization phase of the finops cycle, a finops team may look at
older types of resources and consider replacing them with newer version of
resources. This is known as.
a. Workload management
b. Usage optimization
c. License substitution
d. Resource modernization
3. Which of these motivations might finops teams expect from executives or
management teams they work with?
a. Seek to amortize cost
b. Want to drive shared accountability to teams
c. Want to stay up to spend on the latest tech
d. Measured by uptime
e. Must prove value of tech investment
4. Which of these is not a benefit of practicing finops?
a. Better information for decision making
b. Improved cloud efficiency
c. A security compliant architecture
d. Ability to optimize rates paid for cloud services
5. What is the key difference in how you buy infrastructure when using a traditional
data centre versus when using cloud?
a. Only the CFO signs off on infra-acquisitions
b. Engineering teams acquire their own hardware leading to shadow IT
c. Hardware purchase are pre-approved by finance and procurement
d. Data centre equipment can be turned off if no longer required to save money
6. What consideration is most important to accurately reporting the total cost of a
cloud application that receives benefits from an all upfront or prepaid
commitment-based discounts
a. The proper sizing of the resources being purchased
b. The amortization applied from the upfront payment for the commitment
c. The tags and labels that have been applied to the resources
d. The number of on demand hours the resources are running
7. Which item is the most common mistake a finops team might make while
rightsizing?
, a. Not considering peak demands, but planning using average utilization
b. Starting compute and storage in different regions, incurring data transfer cost
c. Rightsizing after a lift and shift migration prior to purchasing commitment-
based discounts
d. Simulating performance of the newly sized resources
e. Placing workloads in the incorrect availability zones
8. Which of these is not useful metadata to allocate costs among cost centres or
responsible parties?
a. Azure tags, GCP tags, AWS tags
b. GCP Cloud monitor, Azure monitor, AWS CloudWatch metrics
c. AWS account, Azure subscription, GCP Project
d. GCP Folder, Azure resource group, GCP cost category
9. When do you reach the end of the finops lifecycle?
a. Never, It’s a continuous process
b. Once you’ve hit the run capabilities in each phase
c. When you’ve eliminated all the waste
d. Once you’ve migrated all your workload to the cloud
10. Which of these is a KPI a finops team might use to determine what percentage of
a commitment purchase is being applied to running resources?
a. Commitment, reservation and utilization%
b. Commitment, reservation and coverage%
c. Full loaded cost%
d. Resource efficiency%
11. Which is the key for centralizing rate optimization?
a. The best rates can be achieved when negotiated by a central buying
authority on aggregate use
b. Individual devops teams are better at knowing what rates they should
receive
c. Committed rates can only be negotiated per account or subscription, so
must be managed centrally to see all accounts or subscription
d. Commitment based discounts have to be chosen for specific resources,
not for instance types
e. Rates reduction must consider the details of which individual resources
are being used as a complete list is required to purchase them
12. Mini business cases can be used to fully document the expected costs and
benefits of an optimization recommendations as a part of which finops
capability?
a. Align plans to business
b. Optimize rates
c. Optimize usage
d. Understand fully loaded costs
13. When attempting to align a complex optimization recommendation that will
involve multiple engineering and business teams to the business, the best first
step is to
a. Have a discussion outlining the optimization with all relevant parties at the
next appropriate opportunity
a. Take advantage of the variable cost model of cloud
b. Keep everything simple, using the minimum number of services
c. Cost savings in the cloud is the only success metric
d. Think first about the cost of cloud, then business value
e. Understand Fully Loaded Costs
2. During the optimization phase of the finops cycle, a finops team may look at
older types of resources and consider replacing them with newer version of
resources. This is known as.
a. Workload management
b. Usage optimization
c. License substitution
d. Resource modernization
3. Which of these motivations might finops teams expect from executives or
management teams they work with?
a. Seek to amortize cost
b. Want to drive shared accountability to teams
c. Want to stay up to spend on the latest tech
d. Measured by uptime
e. Must prove value of tech investment
4. Which of these is not a benefit of practicing finops?
a. Better information for decision making
b. Improved cloud efficiency
c. A security compliant architecture
d. Ability to optimize rates paid for cloud services
5. What is the key difference in how you buy infrastructure when using a traditional
data centre versus when using cloud?
a. Only the CFO signs off on infra-acquisitions
b. Engineering teams acquire their own hardware leading to shadow IT
c. Hardware purchase are pre-approved by finance and procurement
d. Data centre equipment can be turned off if no longer required to save money
6. What consideration is most important to accurately reporting the total cost of a
cloud application that receives benefits from an all upfront or prepaid
commitment-based discounts
a. The proper sizing of the resources being purchased
b. The amortization applied from the upfront payment for the commitment
c. The tags and labels that have been applied to the resources
d. The number of on demand hours the resources are running
7. Which item is the most common mistake a finops team might make while
rightsizing?
, a. Not considering peak demands, but planning using average utilization
b. Starting compute and storage in different regions, incurring data transfer cost
c. Rightsizing after a lift and shift migration prior to purchasing commitment-
based discounts
d. Simulating performance of the newly sized resources
e. Placing workloads in the incorrect availability zones
8. Which of these is not useful metadata to allocate costs among cost centres or
responsible parties?
a. Azure tags, GCP tags, AWS tags
b. GCP Cloud monitor, Azure monitor, AWS CloudWatch metrics
c. AWS account, Azure subscription, GCP Project
d. GCP Folder, Azure resource group, GCP cost category
9. When do you reach the end of the finops lifecycle?
a. Never, It’s a continuous process
b. Once you’ve hit the run capabilities in each phase
c. When you’ve eliminated all the waste
d. Once you’ve migrated all your workload to the cloud
10. Which of these is a KPI a finops team might use to determine what percentage of
a commitment purchase is being applied to running resources?
a. Commitment, reservation and utilization%
b. Commitment, reservation and coverage%
c. Full loaded cost%
d. Resource efficiency%
11. Which is the key for centralizing rate optimization?
a. The best rates can be achieved when negotiated by a central buying
authority on aggregate use
b. Individual devops teams are better at knowing what rates they should
receive
c. Committed rates can only be negotiated per account or subscription, so
must be managed centrally to see all accounts or subscription
d. Commitment based discounts have to be chosen for specific resources,
not for instance types
e. Rates reduction must consider the details of which individual resources
are being used as a complete list is required to purchase them
12. Mini business cases can be used to fully document the expected costs and
benefits of an optimization recommendations as a part of which finops
capability?
a. Align plans to business
b. Optimize rates
c. Optimize usage
d. Understand fully loaded costs
13. When attempting to align a complex optimization recommendation that will
involve multiple engineering and business teams to the business, the best first
step is to
a. Have a discussion outlining the optimization with all relevant parties at the
next appropriate opportunity
