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

Summary

In this chapter, you learned about the various ways you can create an inventory of your AWS resources. You learned that you can get started easily by enabling Cost Explorer and using the interface to view your resources. For a more detailed and granular view, you can use AWS CUR to have AWS send you monthly reports on cost and usage across your organization.

You further discovered other ways to gather inventory, including EC2 Global View for resources related to Amazon EC2 and Amazon VPC, Resource Groups and Tag Editor, enabling you to export results to a CSV file, and AWS Config for ongoing inventory management and change.

You gained an understanding of the importance of a tagging strategy that works for your organization. There are certain tagging best practices that you can apply, but it’s important to implement your strategy with cross-functional collaboration and streamlined communication.

Finally, you learned about how AWS Cost Categories provides you...