FinOps

20 Minutes

10 Questions

The Technology, FinOps, and Basics test is designed to assess an individual's knowledge and understanding of these three key subjects. The test will cover a range of topics related to technology, including hardware, software, networking, and cybersecurity. Participants will also be tested on their understanding of FinOps, which involves the financial management of technology resources and services. This will include topics such as budgeting, cost optimization, and financial reporting. Finally, the test will cover the basics of technology, including terminology, concepts, and best practices. Participants will be required to demonstrate their knowledge through a series of multiple-choice questions and practical exercises. This test is ideal for individuals looking to enhance their skills and knowledge in the technology and finance industries.

Example Question:

Multiple-Choice

Your organization is experiencing fluctuating workloads in its cloud environment, leading to challenges in managing cloud costs effectively. As a FinOps practitioner, you're tasked with developing a strategy to manage these fluctuations while aligning with FinOps principles. Which of the following approaches would you recommend to ensure cost efficiency and operational flexibility?

Answers

1. Always opt for on-demand instances to ensure maximum flexibility, even though they come at a higher cost compared to other purchasing options.

2. Use a combination of Reserved Instances (RIs) for baseline load and Spot Instances for handling peak loads to balance cost and flexibility.

3. Migrate all critical workloads to private servers in a hybrid cloud model to control costs and use public cloud resources only for non-critical, variable workloads.

4. Lock in maximum capacity with Reserved Instances (RIs) for all workloads to benefit from discounts, assuming that workload will only increase over time.