Real FOCP FinOps Certified Practitioner Exam Questions Online

Eleanor2022-10-21T05:58:48+00:00

What does the FinOps Certified Practitioner (FOCP) exam test? It covers FinOps fundamentals and an overview of key concepts in each of the three sections of the FinOps lifecycle: Inform, Optimize and Operate. Now, you can learn all these concepts by using the real FOCP FinOps Certified Practitioner exam questions online. We have the newest and real FOCP exam questions and answers for your preparation.

Before learning the real FOCP exam questions, read the FOCP free demo first:

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1. Which of the following are not considered goals of the FinOps journey? (Select Two)

Efficiency

Benchmarking

Forecasting

Visibility

SLO's

Allocation

2. You have started working a new role in an organization that practices FinOps. Your new role has focused on FinOps for some of your duties.

Which of the following would likely be considered a FinOps professionals responsibility? (Select Two)

Maximize the value of the cloud spend.

Continuously improve upon the agreed metrics for efficiency.

Maximize storage use on AWS S3

Continuously monitor and terminate instances that are not used.

3. Which phase of the FinOps cycle is where continuous optimization should really occur? (Select One)

Optimize

Operate

Inform

4. What is the primary goal of a FinOps Practitioner in an organization? (Select One)

Drive best practices into the organization through cost cutting, standardization, and cheerleading

Drive best practices into the organization through education, standardization and cheerleading.

Drive best practices into the organization through education, optimization and documentation.

Drive best practices into the organization through cost cutting, strict management and data disbursement.

5. Cloud providers such as AWS and GCP allow for discounts by letting customers commit to a cloud service provider for a set amount of resource usage such as using a Reserved Instance or Committed Discounts.

What is the term we would call this pricing strategy? (Select One)

Allocations

On Demand

Reservations

Rightsizing

6. 1.Which of the following would be the 'primary advantages' of using cloud over on premises services? (Select Two)

Cost Savings

Speed of delivery

Innovation

Ease of use

7. 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 Executive Officer (CEO)? (Select One)

Assurance that cloud investments are aligned with business objectives

Quickly bring new products and features to market with an accurate price point.

Leverage technology to give the business a market and competitive advantage

Drive best practices into the organization through education, standardization, and cheerleading

8. When considering shared costs we know that there are three main ways to accomplish this according to the FinOps Foundation.

What approach would we want to use if we wanted to use a 'relative percentage of direct costs' for our costs? (Select One)

Fixed

Proportional

Odd Split

Even Split

9. Your organization has recently adopted a FinOps based method for dealing with adopting FinOps. Currently, your organization has recently completed 'Laying the Groundwork' for FinOps culture in your company.

What would the next stage for the organization to accomplish? (Select One)

Preparing the organization for FinOps

Planning for FinOps in an Organization

Socializing FinOps for adoption in an organization

Enforcing mandates for cloud spend.

10. 'IT Asset Management' would be under what domain according to the FinOps Foundation? (Select One)

Cloud Usage Optimization

Performance Tracking and Benchmarking

Understanding Cloud Usage and Cost

Cloud Rate Optimization

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11. What term would we use to define the act of changing the size of provisioned resources to one that better matches needs? (Select One)

Right-Sizing

Cost Avoidance

Cost Reduction

Provisioning

12. The spending patterns have changed quite a bit when compared to on premises consumption models.

Which of the following statements would correct how DevOps and Cloud have changed IT purchasing.

Finance has more visibility into purchasing than before with CAPEX funding

Spending is static

Engineers have the power to spend company money with code

Spending is dynamic

13. What is Technology Business Management (TBM)? (Select One)

TBM is a value management framework for decision making.

TBM is an engineering framework used for FinOps

TBM is a value management framework for cost management

TBM is a cost management framework for accountants

14. Please refer to the graphic of the Phases of the FinOps Lifecycle for this question

What is the correct order of the FinOps Lifecycle phases? Please replace 1,2,3 with correct sequence (Select One)

Inform, Operate and Optimize

Inform, Optimize and Operate

Optimize, Inform, Operate

Optimize, Operate, Inform

15. What is the model of constraints that is used in project management called? (Select One)

Cloud Management Model

Resource Triangle

Project Model

Iron Triangle

16. Your business unit has decided to use AWS for its cloud services for production. Other business units have been AWS for both development and production use cases. You have been asked to provide tools in AWS that can provide recommendations for reducing costs and getting insight into better ways of resource management.

What tools in AWS could you identify? (Select Two)

Stackdriver

Cost Explorer

Recommender

Trusted Advisor

17. What is FinOps really about at its fundamental level? (Select One)

Saving money on cloud costs

Drive business value

Reduce staff

Centralized procurement

18. Which of the following are the three ways that we would be able to split up shared costs? (Select Three)

Proportional

Even Split

Complex Split

Indirect

Fixed

19. A centralized FinOps team should be able to drive FinOps. True or False (Select One)

True

False

20. One of the reasons that managing Kubernetes costs in the cloud can be challenging is that the average lifespan of a container is one day. (True or False)

True

False

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21. Which of the following statements would be true regarding FinOps? (Select One)

FinOps ensures that you get the best performance out of every service used in the cloud

FinOps ensures that your financial team manages cloud spending

FinOps ensures you get the most use out of every service used in the cloud

FinOps ensures you get the most value out of every dollar spent in cloud

22. What is the correct definition of an image? (Select One)

A group of server instances, managed by container orchestration.

A template of a container with the software that needs to be run.

Virtual cluster where pods/containers can be deployed separately from other namespaces.

Cloud server (e.g., EC2 instance, virtual machine).

23. Your currently adopting FinOps in your organization and are in Stage 1 - Planning for FinOps in an organization.

Which of the following two exercises would be understand Stage 1? (Select Two)

Practice Formation

Do Your Research

Build a Toolbox

Create a Plan

24. You have been asked to assemble the first FinOps team for your company.

What would be two factors you must consider when organizing your team? (Select Two)

Cloud provider billing models

Complexity of the Cloud usage

Location of your team members

Complexity of your organization

25. 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)

Assurance that cloud investments are aligned with business objectives

Cloud platform relationship management

Quickly bring new products and features to market with an accurate price point.

Drive best practices into the organization through education, standardization, and cheerleading

26. Which of the following are phases in the FinOPS Lifecycle? (Select Three)

Perform

Operationalize

Implement

Identify

Inform

27. Which of the following would be considered a 'measure of success' for a FinOps based organization? (Select Two)

The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department

FinOps team can define desired level of training requirements

Overall Tagging Compliance is 90% or above

Overall Tagging Compliance is 70% or above

28. Which of the following are the FinOps sponsored Maturity Assessment Model steps/phases? (Select Three)

Evaluate

Run

Walk

Crawl

Assess

29. Which of the following is the FinOps simple definition of 'forecasting'. (Select One)

Forecasting is the practice of predicting future spending

Forecasting is the practice of predicting future profits

Forecasting is the practice of negotiating future cloud spend

Forecasting is the practice of negotiating future cost overuns

30. Which of the following would be correct when comparing TBM to FinOps? (Select Three)

TBM takes a top-down view whereas FinOps takes a more bottoms up view.

FinOps has great controls into cloud, granularity, and prescriptive methods but does not include decision data.

FinOps focuses on cloud processes, cloud data, and cloud execution whereas TBM provides the general ledger (GL) data (labor costs, licensing, revenue data).

FinOps looks to the fully-burdened all-up view of IT spend whereas TBM looks at hourly costing and identifies infrastructure anomalies in real-time.

FinOps and TBM are not complementary so its a best practice to choose one or the other

FinOps takes a top-down view whereas TBM takes a more bottoms up view.

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31. When a resource charge is discounted by a reservation what would that usage be called? (Select One)

Amoratized

Covered

Blended

Reduced

32. How has cloud computing impacted enterprise financial operations? (Select Two)

Change from a fixed spending model to a variable spending model

Utilization of an OPEX based procurement

Change from a variable spending model to a fixed spending model

Utilization of CAPEX based procurement

33. 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)

Continuously evaluate business objectives and the metrics they are tracking against those objectives, and how they are trending.

Optimize their cloud footprint. Cloud providers offer multiple levers to optimize.

Empowering organizations and teams with visibility, allocation, benchmarking, budgeting, and forecasting.

34. The CFO has just approached the FinOps team members and requested that all costs that are being submitted and analyzed should be amortized. The CFO also requested that the costs be allocated to each business unit. Would this be a best practice? (True or False)

True

False

35. Each major cloud provider labels the platforms 'allocation metadata' a specific way.

How does AWS name the allocation metadata? (Select One)

“Resource tags”, “Linked Accounts” and “groups”

“Subscription'. 'Labels” and “billing accounts”

“Resource tags”, “Linked Accounts” and “Organizations”

“Subscriptions”, “resource groups” and “resource tags”

Real FOCP FinOps Certified Practitioner Exam Questions Online