FinOps Certified Practitioner
latest exam with verified
answers
Prius effect - correct answer ✔The effect of changed behavior as a result of
x x x x x x x x x x x x x x
making information about a subject more visible and available.
x x x x x x x x
Three parts of a successful FinOps practice - correct answer ✔Real time
x x x x x x x x x x x x
reporting + just-in-time processes + teams working together = FinOps
x x x x x x x x x
Core principles of FinOps - correct answer ✔1) Teams need to collaborate
x x x x x x x x x x x
2) Decisions are driven by the business value of the cloud
x x x x x x x x x x
3) Everyone takes ownership of their cloud usage
x x x x x x x
4) FinOps reports should be accessible and timely
x x x x x x x
5) A centralized team drives FinOps
x x x x x
6) Take advantage of the variable cost model of the cloud
x x x x x x x x x x
unit economics - correct answer ✔measure cloud spend against a business
x x x x x x x x x x x
metric (total revenue, shipments made, paid subscribers, customer orders
x x x x x x x x x
completed, etc.) x
Chapter 1: What Is FinOps? conclusion - correct answer ✔- FinOps is about
x x x x x x x x x x x x x
collaboration between all teams inside an organization.
x x x x x x
,- Everyone has a part to play and should become cost-aware.
x x x x x x x x x x
- The core principles of FinOps should be the foundation of all processes
x x x x x x x x x x x x x
around cloud financial management.
x x x
- Real-time reporting gauges your current spend and optimizations.
x x x x x x x x
- Data-driven processes are key to an organization becoming cost-efficient.
x x x x x x x x x
- Business decisions can accelerate and match the rate of cloud resource
x x x x x x x x x x x x
decisions.
OSSM - correct answer ✔on-demand
x x x x
scalable
self-service
measurable
Chapter 2: Why FinOps? conclusion - correct answer ✔- Cloud spend has -- or
x x x x x x x x x x x x x
soon will have -- a major effect on organization balance sheets.
x x x x x x x x x x x
- The procurement team no longer has control of the spending. In cloud this
x x x x x x x x x x x x x x
power has been pushed to engineers.
x x x x x
- FinOps allows you to operate at the per-second speed of cloud rather than
x x x x x x x x x x x x x x
relying on traditional monthly or quarterly spend reviews, which allows you
x x x x x x x x x x x
to avoid unexpected costs.
x x x
Why a centralized team? - correct answer ✔- unbiased team shares objective
x x x x x x x x x x x x
best practices and recommendations so won't push a specific agenda
x x x x x x x x x
- fosters agreement that the spend data is objectively attributed to the
x x x x x x x x x x x x
correct team x
- defines what the organization uses as a business metric so everyone speaks
x x x x x x x x x x x x x
the same language
x x
,Executive persona - correct answer ✔examples: VP/Head of Infrastructure,
x x x x x x x x x
VP/Head of Cloud Management and Operations, CTO, CIO
x x x x x x x
- focus on driving accountability and building transparency, ensuring teams
x x x x x x x x x x
are being efficient and not exceeding budgets
x x x x x x
- drivers of the cultural shift that helps engineers begin considering cost as an
x x x x x x x x x x x x x
xefficiency metric x
FinOps practitioners persona - correct answer ✔examples: Cloud Cost
x x x x x x x x x
Optimization Manager, Cloud FinOps Analyst, Director of Cloud Optimization,
x x x x x x x x x
Manager of Cloud Operations, Cloud Cost Optimization Data Analyst
x x x x x x x x
- understand different perspectives and have cross-functional awareness and
x x x x x x x x x
expertise
- central team that drives best practices into the organization, provides cloud
x x x x x x x x x x x x
spend reporting at all the needed levels, and acts as an interface between
x x x x x x x x x x x x x
various areas of the business
x x x x
Engineering and operations persona - correct answer ✔examples: Lead
x x x x x x x x x
Software Engineer, Principal Systems Engineer, Cloud Architect, Service
x x x x x x x x
Delivery Manager, Engineering Manager, Director of Platform Engineering
x x x x x x x
- focus on building and supporting services for the organization
x x x x x x x x x
- consider the efficient design and use of resources via activities such as
x x x x x x x x x x x x x
rightsizing, allocating container costs, finding unused storage and compute,
x x x x x x x x x
and identifying whether spending anomalies are expected
x x x x x x
, rightsizing - correct answer ✔the process of resizing cloud resources to better
x x x x x x x x x x x
xmatch the workload requirementsx x x
Finance and procurement persona - correct answer ✔examples: Technology
x x x x x x x x x
Procurement Manager, Global Technology Procurement, Financial Planning
x x x x x x x
and Analyst Manger, Financial Business Advisor
x x x x x
- use the reporting provided by the FinOps team for accounting and
x x x x x x x x x x x x
forecasting
- work closely with practitioners to understand historic billing data so that
x x x x x x x x x x x x
they can build more accurate cost models, use forecasts and expertise from
x x x x x x x x x x x x
the FinOps team to engage in rate negotiations with cloud service providers
x x x x x x x x x x x
Engineer motivations - correct answer ✔- want to work on something
x x x x x x x x x x x
meaningful and fun x x
- want to deliver software fast and reliably
x x x x x x x
- hate inefficiency and want efficient use of resources
x x x x x x x x
- stay up to speed on the latest tech
x x x x x x x x
- are measured by uptime
x x x x
- want to deliver features, fix bugs, and improve performance
x x x x x x x x x
- would prefer not to worry about cost (but are responsible for incurring it)
x x x x x x x x x x x x x
Finance motivations - correct answer ✔- want to accurately forecast and
x x x x x x x x x x x
predict spending x
- want to be able to charge back and/or allocate 100% of spening
x x x x x x x x x x x x
- seek to amortize costs appropriately to the teams responsible
x x x x x x x x x
- want to split out shared costs, like support and shared services
x x x x x x x x x x x
latest exam with verified
answers
Prius effect - correct answer ✔The effect of changed behavior as a result of
x x x x x x x x x x x x x x
making information about a subject more visible and available.
x x x x x x x x
Three parts of a successful FinOps practice - correct answer ✔Real time
x x x x x x x x x x x x
reporting + just-in-time processes + teams working together = FinOps
x x x x x x x x x
Core principles of FinOps - correct answer ✔1) Teams need to collaborate
x x x x x x x x x x x
2) Decisions are driven by the business value of the cloud
x x x x x x x x x x
3) Everyone takes ownership of their cloud usage
x x x x x x x
4) FinOps reports should be accessible and timely
x x x x x x x
5) A centralized team drives FinOps
x x x x x
6) Take advantage of the variable cost model of the cloud
x x x x x x x x x x
unit economics - correct answer ✔measure cloud spend against a business
x x x x x x x x x x x
metric (total revenue, shipments made, paid subscribers, customer orders
x x x x x x x x x
completed, etc.) x
Chapter 1: What Is FinOps? conclusion - correct answer ✔- FinOps is about
x x x x x x x x x x x x x
collaboration between all teams inside an organization.
x x x x x x
,- Everyone has a part to play and should become cost-aware.
x x x x x x x x x x
- The core principles of FinOps should be the foundation of all processes
x x x x x x x x x x x x x
around cloud financial management.
x x x
- Real-time reporting gauges your current spend and optimizations.
x x x x x x x x
- Data-driven processes are key to an organization becoming cost-efficient.
x x x x x x x x x
- Business decisions can accelerate and match the rate of cloud resource
x x x x x x x x x x x x
decisions.
OSSM - correct answer ✔on-demand
x x x x
scalable
self-service
measurable
Chapter 2: Why FinOps? conclusion - correct answer ✔- Cloud spend has -- or
x x x x x x x x x x x x x
soon will have -- a major effect on organization balance sheets.
x x x x x x x x x x x
- The procurement team no longer has control of the spending. In cloud this
x x x x x x x x x x x x x x
power has been pushed to engineers.
x x x x x
- FinOps allows you to operate at the per-second speed of cloud rather than
x x x x x x x x x x x x x x
relying on traditional monthly or quarterly spend reviews, which allows you
x x x x x x x x x x x
to avoid unexpected costs.
x x x
Why a centralized team? - correct answer ✔- unbiased team shares objective
x x x x x x x x x x x x
best practices and recommendations so won't push a specific agenda
x x x x x x x x x
- fosters agreement that the spend data is objectively attributed to the
x x x x x x x x x x x x
correct team x
- defines what the organization uses as a business metric so everyone speaks
x x x x x x x x x x x x x
the same language
x x
,Executive persona - correct answer ✔examples: VP/Head of Infrastructure,
x x x x x x x x x
VP/Head of Cloud Management and Operations, CTO, CIO
x x x x x x x
- focus on driving accountability and building transparency, ensuring teams
x x x x x x x x x x
are being efficient and not exceeding budgets
x x x x x x
- drivers of the cultural shift that helps engineers begin considering cost as an
x x x x x x x x x x x x x
xefficiency metric x
FinOps practitioners persona - correct answer ✔examples: Cloud Cost
x x x x x x x x x
Optimization Manager, Cloud FinOps Analyst, Director of Cloud Optimization,
x x x x x x x x x
Manager of Cloud Operations, Cloud Cost Optimization Data Analyst
x x x x x x x x
- understand different perspectives and have cross-functional awareness and
x x x x x x x x x
expertise
- central team that drives best practices into the organization, provides cloud
x x x x x x x x x x x x
spend reporting at all the needed levels, and acts as an interface between
x x x x x x x x x x x x x
various areas of the business
x x x x
Engineering and operations persona - correct answer ✔examples: Lead
x x x x x x x x x
Software Engineer, Principal Systems Engineer, Cloud Architect, Service
x x x x x x x x
Delivery Manager, Engineering Manager, Director of Platform Engineering
x x x x x x x
- focus on building and supporting services for the organization
x x x x x x x x x
- consider the efficient design and use of resources via activities such as
x x x x x x x x x x x x x
rightsizing, allocating container costs, finding unused storage and compute,
x x x x x x x x x
and identifying whether spending anomalies are expected
x x x x x x
, rightsizing - correct answer ✔the process of resizing cloud resources to better
x x x x x x x x x x x
xmatch the workload requirementsx x x
Finance and procurement persona - correct answer ✔examples: Technology
x x x x x x x x x
Procurement Manager, Global Technology Procurement, Financial Planning
x x x x x x x
and Analyst Manger, Financial Business Advisor
x x x x x
- use the reporting provided by the FinOps team for accounting and
x x x x x x x x x x x x
forecasting
- work closely with practitioners to understand historic billing data so that
x x x x x x x x x x x x
they can build more accurate cost models, use forecasts and expertise from
x x x x x x x x x x x x
the FinOps team to engage in rate negotiations with cloud service providers
x x x x x x x x x x x
Engineer motivations - correct answer ✔- want to work on something
x x x x x x x x x x x
meaningful and fun x x
- want to deliver software fast and reliably
x x x x x x x
- hate inefficiency and want efficient use of resources
x x x x x x x x
- stay up to speed on the latest tech
x x x x x x x x
- are measured by uptime
x x x x
- want to deliver features, fix bugs, and improve performance
x x x x x x x x x
- would prefer not to worry about cost (but are responsible for incurring it)
x x x x x x x x x x x x x
Finance motivations - correct answer ✔- want to accurately forecast and
x x x x x x x x x x x
predict spending x
- want to be able to charge back and/or allocate 100% of spening
x x x x x x x x x x x x
- seek to amortize costs appropriately to the teams responsible
x x x x x x x x x
- want to split out shared costs, like support and shared services
x x x x x x x x x x x
