Pass the FinOps Certified Practitioner Exam with Confidence: A Comprehensive Guide to the FOCP Exam

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

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)

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

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)

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)

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

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)

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)

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)

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)

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

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

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

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)

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)

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

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

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

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

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)

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)

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

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

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)

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

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)

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.

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

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

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

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

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

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)

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

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

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