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

Establishing the Right Account Structure

A successful financial operations (FinOps) practice begins with the right foundation. With Amazon Web Services (AWS), the organization of your AWS accounts constitutes that foundation. In this chapter, we’ll explore ways to establish your account structure. In subsequent chapters, we’ll see how an account structure directly impacts your ability to implement successful FinOps practices such as inventory management, governance and control, auditability, and reporting.

But first, we’ll learn about the various AWS tools that can help structure your AWS accounts, including AWS Organizations. This is the foundation that will direct how successful your FinOps efforts will be over time. We’ll then conclude with a brief look at how billing works for a multi-account AWS Organization.

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

  • Establishing an operating model
  • Creating a multi-account...