Question 1

Your organization is implementing a cloud governance framework as part of its FinOps strategy. One of the key policies mandates establishing spending limits on projects to prevent budget overruns. The FinOps team must ensure that the policy is properly enforced across all departments, especially those with high cloud usage. Which of the following approaches would best enforce this policy?

Options :

A : Implement a centralized cost control policy that enforces hard limits on cloud spending, automatically stopping resources when budgets are reached.

B : Rely on each department’s finance team to track cloud expenses and manually enforce spending limits based on monthly expenditure reports.

C : Schedule weekly meetings with department heads to review cloud spending against budget targets and discuss ways to optimize costs if needed.

D : Use cloud-native budget alerts to notify project owners when they are close to reaching their budget limit and require FinOps team approval to exceed limits.

Answer: A,D

Question 2

Your team is tasked with running a large-scale data processing workload on a cloud platform, and you’ve decided to use spot instances to save costs. However, spot instances can be interrupted by the cloud provider if capacity is needed for other users. To manage this risk while minimizing costs, which strategy would be most effective?

Options :

A : Use spot instances exclusively, relying on the cloud provider’s notification system to restart tasks when interruptions occur.

B : Increase the maximum price for spot instances to match the on-demand rate, ensuring that instances remain active without interruptions.

C : Implement a checkpointing mechanism within the application to periodically save progress, allowing tasks to resume from the last checkpoint in case of interruption.

D : Select only the most stable availability zone to deploy the workload, assuming that interruptions will be less frequent.

Answer: C

Question 3

Which of the following scenarios best demonstrates the use of a savings plan for achieving cost efficiency in cloud rate optimization?

Options :

A : A startup with unpredictable usage trends chooses on-demand pricing to avoid commitment to any discount mechanism.

B : A software development firm with seasonal workloads prefers to use spot instances to scale during high-demand periods.

C : A large enterprise, with consistent cloud usage, opts for a three-year commitment savings plan to leverage long-term, lower rates.

D : A company anticipates a 10% increase in cloud usage during peak months and decides to purchase a savings plan based on monthly trends in usage patterns.

Answer: C

Question 4

Which of the following practices best supports maximizing cloud resource utilization efficiency in a FinOps framework by addressing both underutilization and over-provisioning?

Options :

A : Using the largest instance size available to handle peak demand.

B : Reducing the number of instances without assessing actual workload needs.

C : Configuring all cloud instances to run at 100% utilization.

D : Right-sizing resources based on historical usage data and adjusting regularly.

Answer: D

Question 5

As a FinOps practitioner, you're tasked with ensuring that your organization's cloud infrastructure is both cost-effective and compliant with evolving global regulations, including the Health Insurance Portability and Accountability Act (HIPAA) and the Financial Industry Regulatory Authority (FINRA) standards. Which of the following actions would best support both compliance and cost management in a FinOps context? (Choose two)

Options :

A : Ensure that all data, regardless of sensitivity, is encrypted at rest and in transit to prevent unauthorized access.

B : Establish a tagging policy to track costs associated with HIPAA and FINRA-compliant resources separately, enabling visibility into compliance-related expenses.

C : Utilize cost-efficient, shared multi-tenant storage for all data, including sensitive information, to optimize expenses.

D : Regularly review and optimize cloud access permissions based on role, limiting high-cost resources to only those requiring compliance-level access.

Answer: B,D

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