Answers:

• Historical cloud usage data

Correct: Historical cloud usage data is crucial for creating a FinOps budget. It provides insights into past

consumption patterns, which can be valuable for forecasting future costs.

• The cloud provider's marketing initiatives

Incorrect: While marketing initiatives from the cloud provider may offer temporary cost-saving

opportunities, they are generally not a key element for creating a long-term FinOps budget.

• Projected growth rates

Correct: Projected growth rates are important for budgeting as they help estimate future cloud resource

needs and associated costs.

• The programming languages used in the project

Incorrect: The programming languages used in the project are generally not relevant for creating a

FinOps budget, which focuses more on financial aspects like costs and growth rates.

• The cloud provider's stock price

Incorrect: The stock price of a cloud provider is not directly relevant for creating a FinOps budget for a

cloud project within an organization.

General explanation:

When creating a FinOps budget for a cloud project, the focus should be on elements that directly impact

financial planning and cost management. Historical cloud usage data and projected growth rates are key

factors that help in making accurate budget forecasts. Other elements like the cloud provider's marketing

initiatives, the programming languages used, or the cloud provider's stock price are not directly relevant

for budgeting in a FinOps context.

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