
In this course we will guide you to get a better understanding on the monetary and budgetary difficulties of cloud, how to manage your cloud spend. You will learn how to build a FinOps team. We’ll explain what the capabilities within the FinOps architecture are and how they can be used, why and how it is important to understand your Cloud Bill and how to implement a FinOps Life Cycle in your organization.
In this chapter we will discuss how cloud has grown and now makes up such a big part of many companies IT spend. We will highlight the 4 main cost drivers and compare the old model of IT with Cloud to explain what has changed that makes it a challenge.
Description
The Rise of the Cloud Economy
How does a typical Cloud Journey Look Like
What are Drivers of Unnecessary Costs
Comparing Traditional Technology Consumption and how it works today – what has changed with the introduction of Cloud
In this chapter we will explain what FinOps is. You’ll get to understand what it’s all about. You will be able to explain what the three phases and the key functions of each phase are and explain the core principles of FinOps with some examples.
Description
Introduction of FinOps
FinOps Phases
Key Functions of each Phase
Core Principles of FinOps
In this chapter we will help you to start building a FinOps team in your organization. First, we will explain what a FinOps team does and how its structured. We will show how it interacts within an organization. How you can leverage cloud adoption frameworks. What type of information a FinOps team provides. Finally, we will discuss complementary approaches found in many organizations.
Description
FinOps Team Principles
Building a Team
FinOps Culture
What are other methodologies and how to they align with FinOps
In this chapter you will learn to understand the different capabilities that make up the FinOps architecture and its cyclical nature. We’ll introduce the three phases. And in the end of this chapter you will have a good understanding of the activities that you can take in each of the capabilities.
Description
FinOps Activities
Maturity Model
FinOps Operating Model
In this chapter you will learn about the basics of your Cloud Bill. How does it work to get your bill from AWS, GCP or Azure and what can you do with it. Also, we will have a look at an example and explain the difficulties of understanding it.
Description
Where to get your Cloud Bill
How Does it Look
How to Read
Next Steps
In this chapter we dive a little bit deeper into the three FinOps phases and give you real live examples of what you can do in these phases. We guide you through all of the capabilities within the phases to help you to be able to take those first steps following the crawl, walk and run principle.
Description
FinOps Life Cycle
Crawl, Walk, Run
This chapter concludes your learning. We will give you some tips on what success should look like and begin this journey to achieve maximum value out of your cloud investment.
Are you new to Cloud Financial Management or FinOps and have been wondering if it is something for your organization? FinOps is a culture, created to help organizations manage their cloud costs, where everyone takes ownership of their cloud usage supported by best practices, where teams like Cloud Center of Excellence and Finance work together to enable faster delivery, while at the same time gaining more financial and operational control. If your anwers is yes, then this course can help you to understand what FinOps is all about. In this course we will guide you to get a better understanding on the monetary and budgetary difficulties of cloud, how to manage your cloud spend. You will learn how to build a FinOps team. We’ll explain what the capabilities within the FinOps architecture are and how they can be used, why and how it is important to understand your Cloud Bill and how to implement a FinOps Life Cycle in your organization and finally what success should look like giving you guidance and tips how you could let FinOps start working for your organization to maximize the value of cloud!
Insights in this training are derived from FinOps projects instructors have participated in personally, as well as from the FinOps Framework developed by FinOps Foundation. FinOps Foundation is a non-profit organization advancing the discipline of FinOps and cloud financial management through best practices, education and standards. The FinOps Foundation includes 2,700+ individual members, representing more than 1200 companies.