Book Image

FinOps Handbook for Microsoft Azure

By : Maulik Soni
Book Image

FinOps Handbook for Microsoft Azure

By: Maulik Soni

Overview of this book

To gain a competitive edge in today's unpredictable economic climate, you’ll need to unravel the mystery of saving costs on Microsoft Azure Cloud. This book helps you do just that with proven strategies for building, running, and sustaining repeated cost optimization initiatives across your organization. You’ll learn how to collaborate with finance, procurement, product, and engineering teams to optimize your cloud spend and achieve cost savings that can make a significant impact on your bottom line. The book begins by showing you how to effectively monitor and manage your cloud usage, identify cost-saving opportunities, and implement changes that’ll reduce your overall spend. Whether you're a small start-up or a large enterprise, this book will equip you with the knowledge and skills needed to achieve cost savings and maintain a lean cloud infrastructure. As you advance, you'll find out how to benchmark your current cloud spend and establish a budget for cloud usage. Throughout the chapters, you’ll learn how to negotiate with your cloud provider to optimize your rate, allocate cost for the container, and gain a solid understanding of metric-driven cost optimization. By the end of this FinOps book, you’ll have become proficient in Azure Cloud financial management with the help of real-world examples, use cases, and scenarios.
Table of Contents (19 chapters)
1
Part 1: Inform
6
Part 2: Optimize
11
Part 3: Operate

Benchmarking Current Spend and Establishing Budgets

What can be measured can be improved. In this chapter, we will look at how to establish benchmarking cloud spend within teams, across teams, and across organizations. Benchmarking requires the development of new Key Performance Indicators (KPIs). This chapter will explain the proven method of successfully developing KPIs. We will look at budget allocation and tracking using the Azure cost analysis tool as well as configuring anomaly alerting for spending higher than the allocated budget.

In this chapter, we are going to cover the following main topics:

  • The on-demand and elastic nature of Azure
  • Developing KPIs for consistent reporting
  • Benchmarking between teams
  • Creating and managing budgets in Azure cost analysis
  • Creating and managing alerts in Azure cost analysis