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1. 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) False
B) True
2. What term is used to describe the ability to identify and allocate costs to the appropriate cost categories in use by a customer? (Select One)
A) Depreciation
B) Capitalization
C) Cost Allocation
D) CAPEX
3. 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 a Chief Technology Officer (CTO)? (Select One)
A) Drive best practices into the organization through education, standardization, and cheerleading
B) Leverage technology to give the business a market and competitive advantage
C) Quickly bring new products and features to market with an accurate price point.
D) Deliver faster and high quality services to the organization, whilst maintaining business as usual
4. Distributed decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization. (True or False)
A) False
B) True
5. According to the FinOps Foundation there are very specific roles/personas. For the role of a product owner what would be the 'Primary Goal'? (Select One)
A) Cloud platform relationship management
B) Quickly bring new products and features to market with an accurate price point.
C) Deliver faster and high quality services to the organization, whilst maintaining business as usual
D) Accurately budget, forecast and report cloud costs
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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