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

Creating and managing budgets in Azure cost analysis

Traditionally, budget means setting financial restrictions on how much money a project can spend. But in FinOps language, budget has a positive meaning. In FinOps, you set a cloud spending budget to focus the investment on important innovations. Since the engineers are responsible for creating resources in clouds that cost money, setting a budget at the application level and the department level makes the most sense. Budgets are targets or goals given to product teams as a guard rail and having visibility of how much spend is justifiable to meet business goals generally results in optimal cloud spend. If you are starting the FinOps journey, then you will see no budget set for teams. Your goal as a next step is to work with Finance, Business, and Engineering to establish a reasonable budget. There are various ways you can establish a baseline budget. Organizations in the crawl stage of the FinOps lifecycle might choose to carry forward...