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FinOps 101 Quiz

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FinOps 101 Quiz

Discover the essentials of FinOps with our engaging quiz designed for finance and cloud enthusiasts! Test your knowledge and learn more about financial operations in the cloud.

Understand key concepts and principles of FinOps
Challenge yourself with 8 insightful questions
Receive instant feedback on your performance

8 Questions2 MinutesCreated by AnalyzingData202

What does FinOps stand for?

Financial Organisation

Financial Options

Financial Operations

Which of the following could be considered a goal of FinOps?

Brings financial accountability to variable cloud spend

Enables business to move at speed but retain financial control

To foster collaboration across finance and IT teams

All the above

What are the six principles of FinOps, as defined by the FinOps Foundation?

Cloud monitoring; collaboration; root cause analysis; alerting; troubleshooting; and cost reporting

On-demand self-service; elasticity; scalability; resource pooling; automation; and pay-as-you-go

Security; sustainability; reliability; performance; cost optimisation; and operational excellence

Collaboration; ownership of cloud usage; a centralised team; reporting; making decisions based on the business value that cloud provides; and taking advantage of variable cost models

What are the three major phases of the FinOps journey?

Define, understand and teach

Question, recognise and master

Inform, optimise and operate

Create, implement and observe

True or false: To optimise cloud costs, the FinOps Foundation advocates for cloud instance right-sizing, along with the use of reserved instances and committed use discounts, as appropriate.

True

False

The FinOps Maturity Model consists of which three phases?

Beginner, intermediate and advanced

Crawl, walk and run

Learn, implement and refine

Stage 1, stage 2 and stage 3

What is Cloudability?

Cloudability is a tool which monitors Cloud costs in real time.

Cloudability is a set of rules you must follow when moving to Cloud.

Cloudability is a pricing model which allows you to save money on cloud usage in exchange for a commitment to a consistent amount of usage (measured in $/hour) for a 1 or 3 year term.

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