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 an operating model

We’ve already established that a successful FinOps practice depends on the foundation of how you structure your AWS accounts. But how you structure your AWS accounts will likely depend on how you organize your business teams. Organizational structure is important because if the way you operate FinOps does not align with how your teams operate, you’ll create a chasm that disrupts any well-intended cost-saving initiatives. Conway’s law particularly holds true within FinOps:

Any organization that designs a system…will inevitably produce a design whose structure is a copy of the organization’s communication structure.

(Melvin Conway, How Do Committees Invent?)

Teams must know which role they play when contributing to projects that yield business value. They also need to know how their team synergizes with others when they collectively work toward set goals. The same ideas apply when implementing FinOps. Rather...