FinOps 101 Quiz
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
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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