Book Image

AWS FinOps Simplified

By : Peter Chung
Book Image

AWS FinOps Simplified

By: Peter Chung

Overview of this book

Much like how DevOps is a combination of cultural philosophies, practices, and tools that advocate a collaborative working relationship between development and IT operations, FinOps encourages the same collaboration between technology and finance team, making it key relationship to establish and maintain for any thriving business. This book will help you understand how organizations with a mature FinOps practice can decentralize cost ownership to developer teams and encourage cross-functional collaboration between business, finance, and technology, enabling speed, innovation, and business growth. You’ll focus on structuring your organization to form the right FinOps team, including a Cloud Center of Excellence, and learn how to implement practical cost savings measures with AWS tools to optimize costs in both the short as well as long term. By the end of this cloud FinOps book, you’ll be ready to implement a successful Cloud FinOps practice for your organization to get the best value from the AWS cloud for your workloads.
Table of Contents (18 chapters)
Free Chapter
2
Part 1: Managing Your AWS Inventory
7
Part 2: Optimizing Your AWS Resources
12
Part 3: Operationalizing FinOps

Conducting billing and administrative tasks

In this section, we’ll learn about the billing and administrative tasks a FinOps team may need to conduct or partner with the finance department to complete. These tasks include managing cost and usage data through the AWS Billing Console. We’ll learn about the AWS Billing Conductor, how to manage Free Tier usage, creating purchase orders, and leveraging private pricing to optimize AWS spending.

Simplifying billing with AWS Billing Conductor

The AWS Billing Conductor service supports your showback and chargeback efforts. You can customize your monthly billing data so that it represents localized versions of your AWS bill. Many AWS customers group their accounts into AWS Organizations because of the operational and financial benefits gained by grouping accounts into a single entity. However, we already know that by organizing your AWS accounts into one AWS Organization, you receive one bill (see Chapter 2, Establishing...