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FinOps Certified Practitioner test Dumps

FOCP test Format | Course Contents | Course Outline | test Syllabus | test Objectives

Exam Specification:

- test Name: FinOps Certified Practitioner (FOCP)
- test Code: FOCP
- test Duration: 90 minutes
- test Format: Multiple-choice questions
- Passing Score: 70%

Course Outline:

1. Introduction to FinOps
- Understanding the concept of FinOps and its importance in cloud financial management
- Exploring the core principles and pillars of FinOps
- Overview of the FinOps lifecycle and key stakeholders

2. Cloud Financial Management
- Understanding cloud cost management and optimization
- Exploring cloud pricing models and cost allocation
- Cost monitoring and analysis techniques
- Cloud cost optimization strategies and best practices

3. Cloud Financial Operations
- Cloud financial governance and policies
- Budgeting and forecasting in the cloud
- Financial reporting and analytics
- Financial risk management and compliance

4. Cloud Vendor Management
- Vendor selection and negotiation strategies
- Contract management and optimization
- Managing cloud vendor relationships
- Service-level agreements (SLAs) and performance monitoring

5. Cloud Cost Optimization
- Identifying cost optimization opportunities in the cloud
- Right-sizing and resource optimization techniques
- Reserved Instances and Savings Plans
- Spot instances and other cost-saving strategies

Exam Objectives:

1. Understand the principles and pillars of FinOps.
2. Demonstrate knowledge of cloud financial management concepts and practices.
3. Apply cloud financial operations techniques, including budgeting, forecasting, and reporting.
4. Understand the principles of cloud vendor management and contract optimization.
5. Identify and implement cost optimization strategies in the cloud.

Exam Syllabus:

The test syllabus covers the following courses (but is not limited to):

- Introduction to FinOps
- Cloud financial management principles
- Cloud financial operations techniques
- Cloud vendor management
- Cloud cost optimization strategies

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Linux-Foundation
FOCP
FinOps Certified Practitioner
https://killexams.com/pass4sure/exam-detail/FOCP
Question: 32
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)
A. Stackdriver
B. Cost Explorer
C. Recommender
D. Trusted Advisor
Answer: B,D
Explanation:
Every cloud provider has their own approach for billing and cost management. They need to know the three major
providers in preparation for the exam. Please refer to this page for a handy table. Tools and Terms
Question: 33
Which of the following are the three ways that they would be able to split up shared costs? (Select Three)
A. Proportional
B. Even Split
C. Complex Split
D. Indirect
E. Fixed
Answer: A,B,E
Explanation:
There are typically three ways to split up shared costs:
Proportional: Based on relative percentage of direct costs
Even split: Split total amount evenly across targets
Fixed: User-defined coefficient (the sum of coefficients needs to be 100%)
This page here is perhaps one of the most important pages to review and understand before the exam. Identifying
Shared Costs
Question: 34
Which of the following statements would be true regarding FinOps? (Select One)
A. FinOps ensures that you get the best performance out of every service used in the cloud
B. FinOps ensures that your financial team manages cloud spending
C. FinOps ensures you get the most use out of every service used in the cloud
D. FinOps ensures you get the most value out of every dollar spent in cloud
Answer: D
Explanation:
FinOps ensures you get the most value out of every dollar spent in cloud
FinOps ensures you get the most value out of every dollar spent in cloud. FinOps enables a shift - a combination of
systems, best practices and culture - to increase an organization’s ability to understand cloud costs and make business
tradeoffs. In the same way that DevOps revolutionized development by breaking down silos and increasing agility,
FinOps increases the business value of cloud by bringing together technology, business and finance professionals with
a new set of processes.
Reference this page here What is FinOPs
Question: 35
Which of the following are phases in the FinOPS Lifecycle? (Select Three)
A. Perform
B. Operationalize
C. Implement
D. Identify
E. Inform
Answer: B,D,E
Explanation:
According to the FinOps Foundation the FinOps journey consists of three iterative phases - Inform, Optimize and
Operate. Any company may be in multiple phases at any time depending on which business unit, application or team is
on the journey.
Question: 36
Each major cloud provider labels the platforms ‘allocation metadata’ a specific way.
How does AWS name the allocation metadata? (Select One)
A. “Resource tags”, “Linked Accounts” and “groups”
B. “Subscription’. ‘Labels” and “billing accounts”
C. “Resource tags”, “Linked Accounts” and “Organizations”
D. “Subscriptions”, “resource groups” and “resource tags”
Answer: C
Explanation:
“Resource tags”, “Linked Accounts” and “Organizations”;
GCP “labels” and “billing accounts”;
AWS “resource tags”, “Linked Accounts” and “Organizations”; Azure “Subscriptions”, “Resource Groups” and
“resource tags”
We do need to know some cloud provider specific terms for the exam. Refer here before the test FinOps
Terminology
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