FOCP Finops Certified Practitioner · Free Practice Question Easy
Question 17
What is the primary goal of the Procurement role in the context of FinOps?
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A
Leverage technology to give the business a market and competitive advantage
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B
Cloud platform relationship management
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C
Accurately budget, forecast, and report cloud costs
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D
Manage the cost of cloud utilization (among other costs across the org) and ensuring that money is wisely spent
Reveal correct answer
Correct answer: B
Explanation
Cloud platform relationship management. The primary goal of the Procurement role in the context of FinOps is to manage the cloud platform relationship. This involves negotiating the best win-win cloud contract, exercising enterprise discount/volume commitment programs, and managing the relationship with cloud platform providers. The key metrics for Procurement include software license optimization, cost per license, utilization of licenses per team, cost or IT spend per vendor to provide possible consolidation opportunities, and other metrics that reflect the value of the cloud platform relationship to the business.
Discussion
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