Practice Free FOCP Exam Online Questions
There are effectively two ‘levers’ that are used to reduce costs in cloud computing.
What are they? (Select Two)
- A . Restructuring Costs
- B . Mitigating Costs
- C . Avoiding Costs
- D . Reducing Costs
What is the correct definition of an image? (Select One)
- A . A group of server instances, managed by container orchestration.
- B . A template of a container with the software that needs to be run.
- C . Virtual cluster where pods/containers can be deployed separately from other namespaces.
- D . Cloud server (e.g., EC2 instance, virtual machine).
How has cloud computing impacted enterprise financial operations? (Select Two)
- A . Change from a fixed spending model to a variable spending model
- B . Utilization of an OPEX based procurement
- C . Change from a variable spending model to a fixed spending model
- D . Utilization of CAPEX based procurement
Each of the cloud providers have tools that can help FinOps professionals specifically in that cloud platform. You have been working with AWS for over 1 year. You know would like to go back and view the billing reports but also perform a detailed report for BI analysis.
What AWS service could you use? (Select One)
- A . AWS Billing Analysis
- B . AWS Cost Explorer
- C . AWS CloudWatch
- D . AWS Quick Sight
Which of the following would be considered a ‘measure of success’ for a FinOps based organization? (Select Two)
- A . The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department
- B . FinOps team can define desired level of training requirements
- C . Overall Tagging Compliance is 90% or above
- D . Overall Tagging Compliance is 70% or above
Within the new cloud reality for IT, spending is typically defined as __________.
- A . Consistent
- B . Dramatic
- C . Variable
- D . Capped
When proposing the adoption of a FinOps function within an organization, there will be a need to brief a variety of personas among the executive team to gain approval, buy-in, and involvement in conducting FinOps and achieving its goals. Every role has a clearly documented Primary Goal.
What is the primary goal for the procurement business unit? (Select One)
- A . Assurance that cloud investments are aligned with business objectives
- B . Cloud platform relationship management
- C . Quickly bring new products and features to market with an accurate price point.
- D . Drive best practices into the organization through education, standardization, and cheerleading
Scorecards, metrics, and KPIs are good for __________.
- A . Benchmarking internal teams’ performance
- B . Showback and chargeback
- C . Understanding last year’s performance
- D . Forecasting and budgeting
Workload Management & Automation reminds us to run resources in the cloud __________.
- A . Only when we need them to be running software
- B . Only from 8am to 5pm on weekdays
- C . Slightly in advance of when we expect there to be significant demand from customers
- D . In multiple geographic locations to allow for redundancy
FinOps is the practice you will use to achieve value in the cloud, by bringing together finance, technology, and business groups to master the value of cloud and bring our organizations competitive advantage.
- A . True
- B . False