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Cert Prep: FinOps Certified Practitioner (FOCP)

Cert Prep: FinOps Certified Practitioner (FOCP)

2h 29mIntermediate2024-01-04

Authors

Jon Myer

Jon Myer

Course details

As more organizations move towards cloud-based infrastructure, the need for effective management of cloud costs has become increasingly important. The FinOps methodology is a proven approach to cloud optimization, and practitioners who understand its principles and best practices are in high demand. In this course, Jon Myer teaches you the financial management skills and strategies needed to optimize cloud spending and drive business growth, as well as prepare to earn your FinOps Certified Practitioner certification. Jon starts by defining some of the basic nomenclature and stakeholders, then explains frameworks and user interfaces, discusses adoption and life cycles, containers, connecting to other frameworks, and more.

Skills covered

Corporate FinanceBusiness AnalyticsFinance and AccountingCert PrepData Science

Concepts

0. Introduction

  • 01 - Supercharge your Certification Prep for FinOps
  • 02 - What you should know

1. Introduction to What Cloud FinOps Is

  • 03 - Defining Cloud FinOps
  • 04 - Benefits of Cloud FinOps
  • 05 - Principles of Cloud FinOps

2. Why FinOps - A Cultural Shift and the FinOps Team

  • 06 - Cloud for the right reasons
  • 07 - Who does FinOps and why use a centralized team
  • 08 - Roles and responsibilities
  • 09 - Understanding motivations

3. Language of FinOps

  • 10 - The language of FinOps - Basic terms
  • 11 - Finance terms for cloud professionals

4. Anatomy of the Cloud Bill

  • 12 - Types of cloud bills and basic formats
  • 13 - The importance of hourly data and granularity in FinOps

5. Adopting FinOps

  • 14 - How to pitch FinOps
  • 15 - Key personas
  • 16 - Roadmap for FinOps adoption

6. FinOps Foundation Framework

  • 17 - Framework model

7. UI of FinOps

  • 18 - Build vs. buy vs. native and accessibility
  • 19 - Seek to understand the data

8. FinOps Lifecycle

  • 20 - Six principles of FinOps
  • 21 - FinOps lifecycle

9. Inform Phase

  • 22 - Data, seek first to understand, transparency, and the feedback loop
  • 23 - Allocation - No dollar left behind
  • 24 - Tags, labels, accounts
  • 25 - Accurate forecasting

10. Optimize Phase

  • 26 - Setting goals
  • 27 - Using less usage optimization
  • 28 - Paying less rate optimization
  • 29 - Understanding commitment-based discounts
  • 30 - Building a commitment-based discount strategy
  • 31 - Sustainability - FinOps partnering with GreenOps

11. Operate Phase

  • 32 - Operate - Aligning teams to business goals
  • 33 - Automating cost management
  • 34 - Metric-driven cost optimization

12. FinOps for the Container World

  • 35 - Containers 101

13. Connectivity to Other Frameworks

  • 36 - Working with other methodologies and frameworks

14. The Nirvana for FinOps Using Data-Driven Decision Making

  • 37 - Data-driven decisions

Conclusion

  • 38 - What's next

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