FOCP FinOps Certified Practitioner Exam Dumps

dumps2024-02-23T09:23:39+08:00

FinOps Certified Practitioner FOCP exam is much hot among those Linux Foundation candidates. They all want to take the FOCP exam and get certified. Studying for the FOCP exam basic information is the first step for you to understand the test well. There are 50 multiple-choice questions, and you have 60 minutes to complete all the questions. We provide the latest FinOps Certified Practitioner FOCP exam dumps, which are useful for you to study. Free The Linux Foundation FOCP exam dumps are below.

Page 1 of 5

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

2. 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

3. 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

4. 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

5. 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.

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

Evaluate

Run

Walk

Crawl

Assess

7. 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

8. 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

9. 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

10. 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

Page 2 of 5

11. 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”

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

Saving money on cloud costs

Drive business value

Reduce staff

Centralized procurement

13. 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

14. 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

15. 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

16. 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.

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

True

False

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

Optimize

Operate

Inform

19. 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

20. 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.

Page 3 of 5

21. 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.

22. '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

23. 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.

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

Perform

Operationalize

Implement

Identify

Inform

25. 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

26. 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

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

Amoratized

Covered

Blended

Reduced

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

Cloud Management Model

Resource Triangle

Project Model

Iron Triangle

29. 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

30. 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

Page 4 of 5

31. 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).

32. 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

33. 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

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

Efficiency

Benchmarking

Forecasting

Visibility

SLO's

Allocation

35. 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

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

At its core, FinOps is a business practice.

At its core, FinOps is a cultural practice.

At its core, FinOps is both a cultural and business practice.

At its core, FinOps is a DevOps practice.

37. Your currently working with the head of finance to understand how to identify specific cloud usage to specific business units.

What would we use to account for costs for each business units and then debit the business unit for the cloud usage?

Chargeback

Resevations

Showback

Allocation

Turnback

38. Which of the following would be the most direct description of what FinOps is about? (Select One)

FinOps brings administrative accountability to the variable spend model of cloud.

FinOps is about both culture and creating savings in the world of cloud computing.

FinOps brings financial accountability to the variable spend model of cloud.

FinOps is about both finance and creating savings in the world of cloud computing.

39. In the Inform Stage of the FinOps cycle which of the following would be true regarding. (Select One)

Using the data from the Inform stage will enable FinOps teams to balance operational requirements with the best financial options to improve their overall cloud operations.

The IT, finance, and business departments rely on timely and relevant data to create customized FinOps frameworks and processes.

The Finance team will evaluate FinOps team performance over a quarterly basis.

The Finance team will evaluate FinOps team practices in the context of meeting business objectives.

40. FinOps as we likely learned requires a culture shift in how our organization addresses cloud spend.

Which of the following would be a true statement regarding the decision making in a FinOps organization? (Select One)

The Cloud Cost Center of Excellence (CCoE) makes all decisions around cloud spending

FinOps processes enable these teams to operate at high velocity while improving the profits of the company.

Centralized 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.

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.

Page 5 of 5

41. In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)

False

True

42. In the world of FinOps the process of spreading out shared costs is iterative, and evolves over time. (True or False)

False

True

43. Should the FinOps team be a gatekeeper to cloud spending? (Select One)

Yes

44. Your FinOps lead has requested all cloud expenses and would like to understand all costs realized and paid for this quarter.

What type of expense would consider this? (Select One)

Costs of Goods Sold (COGS)

Weighted Average Cost of Capital (WACC)

Capital Expenditure (CAPEX)

Operational Expenditure (OPEX)

45. Which of the following is an open source container management platform that we use in the cloud routinely? (Select One)

Terraform

Kubernetes

Linux

Windows

FOCP FinOps Certified Practitioner Exam Dumps

FOCP FinOps Certified Practitioner Exam Dumps

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