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

Cost monitoring on AWS

We will begin by looking at the various tools AWS provides for native cost monitoring and reporting. We’ll dive deeper into AWS Cost Explorer’s capabilities on this front while introducing new AWS analytics services such as Amazon Athena and Amazon QuickSight for reporting. We’ll also see how Amazon CloudWatch, an AWS environment monitoring service, can help with cost monitoring among many other capabilities. Let’s dive right in.

Cost monitoring with Cost Explorer

We learned that AWS Cost Explorer is a good tool for getting started with what resources you own. As helpful as this can be, waste reduction is just one aspect of it. Cost Explorer can also help you analyze cost and usage, forecast your expenditure, and detect anomalies. We’ll first focus on using it to analyze cost and usage.

Cost Explorer provides a lookback of 12 months for viewing your cost and usage. It also forecasts aggregate expenditure for up to 12...