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2023 Valid FOCP Exam Updates – 2023 Study Guide

FOCP Certification – The Ultimate Guide [Updated 2023]

Q44. Which of the following a native tool in AWS that we would use in our FinOps exercises to understand costing issues, get recommendations, etc.

 
 
 

Q45. Which of the following are some common reasons it can be harder to bill and report on Kubernetes costs? (Select Two)

 
 
 
 

Q46. 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)

 
 
 
 

Q47. An Availability Zone in AWS is defined as? (Select One)

 
 
 
 

Q48. FinOps Principles are north stars that guide the activities of our FinOps practice. These principles are clearly broken down and we must encourage members to practice these. When it comes to these principles which of the following activities would be under the ‘Teams need to Collaborate’ principle? (Select One)

 
 
 
 

Q49. Which of the following would be correct when comparing TBM to FinOps? (Select Three)

 
 
 
 
 
 

Q50. Which of following is a simple formula for cloud spending? (Select One)

 
 
 
 

Q51. Cloud Forecasting can be a challenge, especially in large disparate organizations. Centralization can be a helpful factor but also there are some focus areas that we can use to ‘break the challenge into addressable parts’. (Select Three)

 
 
 
 
 

Q52. Which of the following are phases in the FinOPS Lifecycle? (Select Three)

 
 
 
 
 

Q53. 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)

 
 
 
 

Q54. Which of the following would be the ‘primary advantages’ of using cloud over on premises services? (Select Two)

 
 
 
 

Q55. 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)

 
 
 
 

Q56. What is the model of constraints that is used in project management called? (Select One)

 
 
 
 

Q57. In regards to cloud forecasting there is no one forecasting method that fits all situations.(True/False)

 
 

Q58. 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)

 
 
 

Q59. ______________is the idea is to measure cloud spend against a business metric or metrics such as revenue, subscribers, etc.
What is the correct term? (Select One)

 
 
 
 

Q60. Which of the following is an open source container management platform that we use in the cloud routinely? (Select One)

 
 
 
 

Q61. 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)

 
 
 
 

Q62. 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)

 
 
 
 

Q63. Which of the following methods would we use if we wanted to ensure ‘a user defined coefficient’? (Select One)

 
 
 
 

Q64. 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?

 
 
 
 
 

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