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CLOUD-DIGITAL-LEADER · Question #233

An organization notices that some of their cloud expenditures are too high. What should the organization do to control costs?

The correct answer is B. Share cost views with the departments to establish more accountability. Sharing cost views with individual departments creates financial accountability by making teams aware of the resources they consume and their associated costs. This is a core FinOps (Cloud Financial Management) practice: when teams can see their own spending, they are motivated…

Cloud Financial Management

Question

An organization notices that some of their cloud expenditures are too high. What should the organization do to control costs?

Options

  • AStreamline the hardware procurement process to reduce costs.
  • BShare cost views with the departments to establish more accountability.
  • CChange the cost model from operational expenditure to capital expenditure.
  • DEnsure that all could resources are tagged with a single tag.

How the community answered

(21 responses)
  • A
    10% (2)
  • B
    81% (17)
  • C
    5% (1)
  • D
    5% (1)

Explanation

Sharing cost views with individual departments creates financial accountability by making teams aware of the resources they consume and their associated costs. This is a core FinOps (Cloud Financial Management) practice: when teams can see their own spending, they are motivated to optimize it. Option A is irrelevant because cloud eliminates on-premises hardware procurement. Option C is counterproductive-moving from OpEx (operational expenditure) back to CapEx (capital expenditure) is the opposite of cloud's financial model and would not reduce costs. Option D is incorrect because tagging all resources with a single tag defeats the purpose of tagging, which is to allocate costs to specific teams, projects, or environments for granular accountability.

Topics

#Cloud Cost Management#Cost Optimization#Accountability#FinOps

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