FinOps Essentials for Cloud Deployments

Course details

FinOps sits at the intersection of finance and cloud operations, where cross-functional teamwork is essential for success. When it comes to cloud computing, FinOps managers are responsible for overseeing cloud costs and building teams across engineering, product, finance, and more. In this course, instructor David Linthicum gives an overview of the basics of cloud FinOps, collaborating with ever-changing systems, and how to motivate data-driven financial decision-making to optimize business value.

Discover the key objectives and underpinnings of FinOps so you can get ready to start crafting your own plan. Learn how to develop an effective plan for cloud deployment, while ensuring that you include everyone who needs to be involved in the process. Get tips from David on cost optimization, cost analysis and forecasting, important automation considerations, compliance, and governance. Along the way, review core cloud FinOps concepts in action by exploring practical case studies drawn from cloud computing and enterprise management.

Concepts

Introduction

Introduction to FinOps
What you should know

FinOps Introduction

Understanding FinOps and its importance
Business need for FinOps for cloud computing
Defining cloud computing value and metrics
Case study - Cloud budget overage
Case study - Multicloud cost mayhem
Introduction to FinOps objectives
Introduction to FinOps technology
Introduction to FinOps best practices

Establishing FinOps in Your Organization

Determining your business requirements and business case for FinOps
Single-cloud cost tracking
Multicloud and hybrid cloud cost tracking
Putting your cloud cost data to use
Setting up cloud cost observability
Setting up cloud cost governance
Basic FinOps planning for the enterprise

Externalizing FinOps to the Organization

Cloud spending visibility
Cloud spending benchmarks
Communicating the FinOps plan to operators and stakeholders
Identifying the steps in your FinOps plan
Assigning roles in your FinOps plan
FinOps and compliance and agreements
FinOps collaboration and culture
Challenge - Approach cloud spending visibility for Henry's Hammocks
Solution - Review the potential solutions you can leverage

Optimizing for FinOps in Your Organization

Cloud spending observability
Cloud spending analysis
Cloud spending forecasting
Cloud spending optimization processes and metrics
Cloud spending optimization technology
Cloud spending optimization for business value
Challenge - Approach cloud spending forecasting for Henry's Hammocks
Solution - Review the potential solutions you can leverage

Automating for FinOps

Identifying what you should automate
Automation best practice considerations
FinOps automation technology types and usages
Leveraging AI for better FinOps automation
Demo - FinOps automation with AWS Cost Explorer

Operating for FinOps Success

FinOps continuous improvement
FinOps observability
Supporting audits
Supporting compliance
Defining FinOps operational success
Challenge - Approaching compliance for Henry's Hammocks
Solution - Review the potential solutions you can leverage

Conclusion

Next steps