Exam FOCP Topic 1 Question 81 Discussion

Actual exam question for Linux Foundation's FOCP exam
Question #: 81
Topic #: 1
In regards to cloud forecasting there is no one forecasting method that fits all situations.(True/False)

Suggested Answer: A Vote an answer

Every organization and even cloud provider has different requirements that are to be met or are met. Some organizations my need a granular VM pricing whereas other may not. Some cloud providers support things diffferently than other and therefor require the organization to consider the best model they need. Unfortunately there is no one forecasting method that fits all situations.
Cloud spend is variable which is inherently difficult to predict. Specifically engineers can start workloads at any time typically without having to go through a procurement process.
Forecasting cloud-provider consumption as product or service consumption requires specific data and tooling to be consistently available. Billing and reporting from cloud providers is difficult to understand and explain to traditional finance teams.
Workloads need to be clearly defined whether through tagging or account structures so that cost can be attributed back to them and their owners. Please review this page before the exam. https://www.finops.org/projects/accurate-cloud-forecasts/

by Miranda at Sep 22, 2024, 07:53 AM

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