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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: FinOps Capabilities & Framework Domains | 28% | - Budgeting, forecasting, and variance analysis - Showback vs chargeback models - Cost allocation and tagging strategy - Unit economics and business value metrics |
| Topic 2: FinOps Lifecycle | 30% | - Operate phase: governance, continuous improvement - Inform phase: visibility, allocation, reporting - Optimize phase: rate and usage optimization |
| Topic 3: FinOps Definition & Principles | 12% | - Six FinOps guiding principles - Core definition and value proposition of FinOps |
| Topic 4: FinOps Teams & Stakeholders | 12% | - Collaboration between finance, engineering, and business - Roles, responsibilities, and organizational structure |
| Topic 5: Introduction & Challenges of Cloud Financial Management | 8% | - Cloud cost management vs traditional IT financial management - Drivers and challenges of variable cloud spending |
| Topic 6: Terminology & Cloud Billing | 10% | - Cloud service provider billing structure - Common FinOps, DevOps, and financial terminology |
1. Under the FinOps Principles are 6 activities.
Which activities would fit under ' Decisions are driven by business value of cloud'? (Select Three)
A) Trending and variance analysis helps to understand why costs increased
B) Internal team benchmarking drives best practices and celebrates wins
C) Industry peer-level benchmarking determines how your company is performing
D) Rightsizing instances and services help drive appropriate resourcing levels
E) Track team-level targets to drive accountability
2. ______________is the idea is to measure cloud spend against a business metric or metrics such as revenue, subscribers, etc.
What is the correct term? (Select One)
A) Unit Economics
B) Macro Economics
C) Micro Economics
D) Cloud Economics
3. The FinOps journey consists of three iterative phases - Inform, Optimize and Operate.
Which of the following statements would be a correct description of the Inform Phase? (Select One)
A) Empowering organizations and teams with visibility, allocation, benchmarking, budgeting, and forecasting.
B) Optimize their cloud footprint. Cloud providers offer multiple levers to optimize.
C) Continuously evaluate business objectives and the metrics they are tracking against those objectives, and how they are trending.
4. Which of the following is an open source container management platform that we use in the cloud routinely? (Select One)
A) Windows
B) Terraform
C) Kubernetes
D) Linux
5. Scorecards, metrics, and KPIs are good for __________.
A) Understanding last year's performance
B) Forecasting and budgeting
C) Benchmarking internal teams' performance
D) Showback and chargeback
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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