FinOps?
Overview of the FinOps methodology and culture
Role in cloud financial management, visibility, and accountability
Key concepts: combining finance and DevOps, the FinOps Framework
CapEx vs. OpEx mindset shift in the cloud
How Does the FinOps Lifecycle Work?
Inform: Achieve cloud cost visibility, allocate and report spending
Optimize: Identify optimizations, reduce waste, rightsize, and automate.
Operate: Continuous improvement, monitor and govern cloud costs, drive accountability across teams
How are teams organized?
- Key FinOps personas: engineers, finance, product owners, executives
- Team structures and responsibilities
Building a FinOps culture: collaboration, communication, feedback loops
How are cloud costs tracked and managed?
Understanding the anatomy of the cloud bill
Cost allocation, tagging, and showback/chargeback strategies
Budgeting and forecasting techniques (predicting cloud spend, anomaly detection)
Benchmarking and performance tracking
How to Optimize and Control Cloud Spend?
- Rightsizing resources: utilization analysis, eliminating orphaned resources
- Commitment-based discounts (reserved instances, savings plans)
- Spot/preemptible instances and scheduling
- Optimization for containers and serverless
How Do Governance and Compliance Operate?
- Establishing policies for spending, usage, and security
- Aligning with regulatory and organizational goals
- Regular audits, reviews, and compliance enforcement
How to Monitor, Report, and Drive Accountability?
Building dashboards and custom reporting
Real-time alerting and notification mechanisms
Engagement with stakeholders: engineering, finance, and leadership
How to Implement FinOps?
- Roadmap for adoption: setting up teams, tools, and processes
- Socializing and integrating FinOps across the organization
Maturity model: continuous improvement and scaling
Automation and Tooling?
Using FinOps tools and platforms (native cloud, third-party, open-source)
Automating reporting, optimization, anomaly detection, and recommendations
Leveraging APIs (cloud, billing, and analytics)
Read more. The 80/20 Rule of FinOps: Automate Early, Lead Always
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