Manage the FinOps practice
By implementing effective FinOps management strategies, organizations can fully unlock the potential of their cloud investments and attain greater success in the cloud. To achieve this goal, organizations should apply a range of capabilities, including FinOps practice operations, FinOps tooling and services, FinOps assessment, onboarding workloads, FinOps education and enablement, Invoicing and chargeback, Cloud policy and governance, and Intersecting disciplines.
FinOps practice operations
Objective:
Driving a culture of accountability through effective organizational alignment of the FinOps practice and empowering the FinOps function within teams.
Onboarding workloads
Objective:
Developing a cloud front door process to onboard brownfield and greenfield applications through financial viability and technical feasibility assessment criteria that support operational objectives, while also maintaining effective cost management.
FinOps education & enablement
Objective:
Training, skill development, and operational activities that enable teams throughout the organization to adopt and deliver the FinOps practice.
Invoicing & chargeback
Objective:
Developing specific reporting, reconciliation workflows, and chargeback models, in collaboration with the finance team, to align Cloud Service Provider (CSP) invoices with billing data for attributing cloud costs back to specific budgets within an organization.
Cloud policy & governance
Objective:
Establishing and evolving policies, controls and governance mechanisms to ensure that cloud use aligns with business objectives, complies with regulatory requirements, and optimizes cloud resources efficiently.
Intersecting disciplines
Objective:
Coordinating activities between an organization's Core FinOps Personas and other disciplines, processes, or Allied Personas that may be operating independently - such as ITAM, ITFM, TBM, Security, and Sustainability - in order to promote collaboration for effective cloud operations.
FinOps tooling & services
Objective:
Developing criteria and methodology to capture proof-of-value for effectively selecting FinOps tools and services that align to the Framework Capabilities to empower the FinOps practice.
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FinOps assessment
Objective:
Defining the criteria and methodology that provide input for a measurable and repeatable analysis for progressively assessing the maturity of a FinOps practice, in the context of the FinOps Framework.
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Content attribution for this unit: FinOps Domain: "Manage the FinOps Practice" by FinOps Foundation.