Finops Certified Practitioner newest exam with correct answers

Finops Certified Practitioner
newest exam with correct
answers

FinOps - correct answer ✔An operational framework and cultural practice
x x x x x x x x x




1. Teams Manage Cloud Costs
x x x x




2. Data accessible and timely
x x x x




3. Centralized Teams
x x




4. Everyone Takes Ownership
x x x




What FinOps does - correct answer ✔1. Maximizes business value of cloud
x x x x x x x x x x x




2. Enables timely decision making
x x x x




3. Creates finanical accountability
x x x




FinOps Principles - correct answer ✔1. Teams need to collaborate
x x x x x x x x x




2. Decisions driven by business value of cloud
x x x x x x x




3. Everyone takes ownership
x x x




4. Data accessible and timely
x x x x




5. Centralized team drives FinOps
x x x x




6. Take advantage variable cost model of cloud
x x x x x x x

,FinOps 5 key areas of behavior - correct answer ✔1. Communication
x x x x x x x x x x




2. Accentuating Positives
x x




3. Consistency in Action
x x x




4. Openness and Honesty
x x x




5. Keeping Commitments
x x




Practitoner Persona - correct answer ✔1. Drives best practices into
x x x x x x x x x x


organization through eduction, standardization, and cultural growth
x x x x x x




2. Creates benchmarks for teams to use
x x x x x x




3. Creates budgets and forecasts
x x x x




Leadership Persona - correct answer ✔1. Cloud investment aligned with
x x x x x x x x x x


business objective
x




2. Enables actions to overcomes FinOps challenges
x x x x x x




Product Persona - correct answer ✔1. Quickly bring new products to market
x x x x x x x x x x x




2. Drive business value by defining requirements that align with business
x x x x x x x x x x x


objectives


Engineering Persona - correct answer ✔1. Deliver fast and high quality
x x x x x x x x x x x


services to organization
x x




2. Responsible for designing, managing, and optimizing cloud
x x x x x x x




Finance Persona - correct answer ✔1. Budget, Forecast, and Reports of cloud
x x x x x x x x x x x x


costs

, Procurement Persona - correct answer ✔1. Cloud platform relationship
x x x x x x x x x


managment
2. Responsible for getting cloud services, optimizing vendor relationships.
x x x x x x x x




Procurement Persona Metrics - correct answer ✔1. Software licenses
x x x x x x x x




2. Cost or IT Spend per Vendor
x x x x x x




Cost of Goods Sold (COGS) - correct answer ✔Measure of how many dollars
x x x x x x x x x x x x x


outlay to generate revenue in specific period
x x x x x x




Three ways to split up shared costs - correct answer ✔1. Proportional: Based
x x x x x x x x x x x x x


on relative percentage of direct costs
x x x x x




2. Even split: Split total amount evenly across targets
x x x x x x x x




3. Fixed: User defined coeffient
x x x x




CAPEX and OPEX - correct answer ✔1. CAPEX is purchase of asset meant to
x x x x x x x x x x x x x x


provide value over time x x x




2. OPEX purchase to provide benefit over specific period. Not amatorized
x x x x x x x x x x x


over time as CAPEX
x x x




Depreciation - correct answer ✔Retiring cost of asset over time
x x x x x x x x x




Income Statement - correct answer ✔A financial statement showing the
x x x x x x x x x x


revenue and expenses for a fiscal period.
x x x x x x