FinOps Certified Practitioner exam questions with
answers
Prius effect - ** VERIFIED ANSWERS🔰 ✔✔The effect of changed behavior as a result of
making information about a subject more visible and available.
Three parts of a successful FinOps practice - ** VERIFIED ANSWERS🔰 ✔✔Real time
reporting + just-in-time processes + teams working together = FinOps
Core principles of FinOps - ** VERIFIED ANSWERS🔰 ✔✔1) Teams need to collaborate
2) Decisions are driven by the business value of the cloud
3) Everyone takes ownership of their cloud usage
4) FinOps reports should be accessible and timely
5) A centralized team drives FinOps
6) Take advantage of the variable cost model of the cloud
unit economics - ** VERIFIED ANSWERS🔰 ✔✔measure cloud spend against a business
metric (total revenue, shipments made, paid subscribers, customer orders completed, etc.)
Chapter 1: What Is FinOps? conclusion - ** VERIFIED ANSWERS🔰 ✔✔- FinOps is about
collaboration between all teams inside an organization.
- Everyone has a part to play and should become cost-aware.
- The core principles of FinOps should be the foundation of all processes around cloud
financial management.
- Real-time reporting gauges your current spend and optimizations.
- Data-driven processes are key to an organization becoming cost-efficient.
- Business decisions can accelerate and match the rate of cloud resource decisions.
,OSSM - ** VERIFIED ANSWERS🔰 ✔✔on-demand
scalable
self-service
measurable
Chapter 2: Why FinOps? conclusion - ** VERIFIED ANSWERS🔰 ✔✔- Cloud spend has --
or soon will have -- a major effect on organization balance sheets.
- The procurement team no longer has control of the spending. In cloud this power has been
pushed to engineers.
- FinOps allows you to operate at the per-second speed of cloud rather than relying on
traditional monthly or quarterly spend reviews, which allows you to avoid unexpected costs.
Why a centralized team? - ** VERIFIED ANSWERS🔰 ✔✔- unbiased team shares objective
best practices and recommendations so won't push a specific agenda
- fosters agreement that the spend data is objectively attributed to the correct team
- defines what the organization uses as a business metric so everyone speaks the same
language
Executive persona - ** VERIFIED ANSWERS🔰 ✔✔examples: VP/Head of Infrastructure,
VP/Head of Cloud Management and Operations, CTO, CIO
- focus on driving accountability and building transparency, ensuring teams are being
efficient and not exceeding budgets
- drivers of the cultural shift that helps engineers begin considering cost as an efficiency
metric
FinOps practitioners persona - ** VERIFIED ANSWERS🔰 ✔✔examples: Cloud Cost
Optimization Manager, Cloud FinOps Analyst, Director of Cloud Optimization, Manager of
Cloud Operations, Cloud Cost Optimization Data Analyst
, - understand different perspectives and have cross-functional awareness and expertise
- central team that drives best practices into the organization, provides cloud spend
reporting at all the needed levels, and acts as an interface between various areas of the
business
Engineering and operations persona - ** VERIFIED ANSWERS🔰 ✔✔examples: Lead
Software Engineer, Principal Systems Engineer, Cloud Architect, Service Delivery Manager,
Engineering Manager, Director of Platform Engineering
- focus on building and supporting services for the organization
- consider the efficient design and use of resources via activities such as rightsizing,
allocating container costs, finding unused storage and compute, and identifying whether
spending anomalies are expected
rightsizing - ** VERIFIED ANSWERS🔰 ✔✔the process of resizing cloud resources to better
match the workload requirements
Finance and procurement persona - ** VERIFIED ANSWERS🔰 ✔✔examples: Technology
Procurement Manager, Global Technology Procurement, Financial Planning and Analyst
Manger, Financial Business Advisor
- use the reporting provided by the FinOps team for accounting and forecasting
- work closely with practitioners to understand historic billing data so that they can build
more accurate cost models, use forecasts and expertise from the FinOps team to engage in
rate negotiations with cloud service providers
Engineer motivations - ** VERIFIED ANSWERS🔰 ✔✔- want to work on something
meaningful and fun
- want to deliver software fast and reliably
- hate inefficiency and want efficient use of resources
answers
Prius effect - ** VERIFIED ANSWERS🔰 ✔✔The effect of changed behavior as a result of
making information about a subject more visible and available.
Three parts of a successful FinOps practice - ** VERIFIED ANSWERS🔰 ✔✔Real time
reporting + just-in-time processes + teams working together = FinOps
Core principles of FinOps - ** VERIFIED ANSWERS🔰 ✔✔1) Teams need to collaborate
2) Decisions are driven by the business value of the cloud
3) Everyone takes ownership of their cloud usage
4) FinOps reports should be accessible and timely
5) A centralized team drives FinOps
6) Take advantage of the variable cost model of the cloud
unit economics - ** VERIFIED ANSWERS🔰 ✔✔measure cloud spend against a business
metric (total revenue, shipments made, paid subscribers, customer orders completed, etc.)
Chapter 1: What Is FinOps? conclusion - ** VERIFIED ANSWERS🔰 ✔✔- FinOps is about
collaboration between all teams inside an organization.
- Everyone has a part to play and should become cost-aware.
- The core principles of FinOps should be the foundation of all processes around cloud
financial management.
- Real-time reporting gauges your current spend and optimizations.
- Data-driven processes are key to an organization becoming cost-efficient.
- Business decisions can accelerate and match the rate of cloud resource decisions.
,OSSM - ** VERIFIED ANSWERS🔰 ✔✔on-demand
scalable
self-service
measurable
Chapter 2: Why FinOps? conclusion - ** VERIFIED ANSWERS🔰 ✔✔- Cloud spend has --
or soon will have -- a major effect on organization balance sheets.
- The procurement team no longer has control of the spending. In cloud this power has been
pushed to engineers.
- FinOps allows you to operate at the per-second speed of cloud rather than relying on
traditional monthly or quarterly spend reviews, which allows you to avoid unexpected costs.
Why a centralized team? - ** VERIFIED ANSWERS🔰 ✔✔- unbiased team shares objective
best practices and recommendations so won't push a specific agenda
- fosters agreement that the spend data is objectively attributed to the correct team
- defines what the organization uses as a business metric so everyone speaks the same
language
Executive persona - ** VERIFIED ANSWERS🔰 ✔✔examples: VP/Head of Infrastructure,
VP/Head of Cloud Management and Operations, CTO, CIO
- focus on driving accountability and building transparency, ensuring teams are being
efficient and not exceeding budgets
- drivers of the cultural shift that helps engineers begin considering cost as an efficiency
metric
FinOps practitioners persona - ** VERIFIED ANSWERS🔰 ✔✔examples: Cloud Cost
Optimization Manager, Cloud FinOps Analyst, Director of Cloud Optimization, Manager of
Cloud Operations, Cloud Cost Optimization Data Analyst
, - understand different perspectives and have cross-functional awareness and expertise
- central team that drives best practices into the organization, provides cloud spend
reporting at all the needed levels, and acts as an interface between various areas of the
business
Engineering and operations persona - ** VERIFIED ANSWERS🔰 ✔✔examples: Lead
Software Engineer, Principal Systems Engineer, Cloud Architect, Service Delivery Manager,
Engineering Manager, Director of Platform Engineering
- focus on building and supporting services for the organization
- consider the efficient design and use of resources via activities such as rightsizing,
allocating container costs, finding unused storage and compute, and identifying whether
spending anomalies are expected
rightsizing - ** VERIFIED ANSWERS🔰 ✔✔the process of resizing cloud resources to better
match the workload requirements
Finance and procurement persona - ** VERIFIED ANSWERS🔰 ✔✔examples: Technology
Procurement Manager, Global Technology Procurement, Financial Planning and Analyst
Manger, Financial Business Advisor
- use the reporting provided by the FinOps team for accounting and forecasting
- work closely with practitioners to understand historic billing data so that they can build
more accurate cost models, use forecasts and expertise from the FinOps team to engage in
rate negotiations with cloud service providers
Engineer motivations - ** VERIFIED ANSWERS🔰 ✔✔- want to work on something
meaningful and fun
- want to deliver software fast and reliably
- hate inefficiency and want efficient use of resources
