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

Governing Cost and Usage

The previous two chapters explained the need to practice proper inventory management and thoughtful budgeting in your FinOps efforts. We explored native AWS tools that can help you implement these practices. Although these practices have good intent, good intentions alone do not yield long-term benefits. You must also have controls in place to ensure your good intentions produce the desired results. Controls mitigate financial risks and detect deviations from intended results, while governance accomplishes the good intentions proposed in the previous chapters.

We will see how to apply governance to your cost optimization efforts. These methods do not equate to stifling agility, rather, they are there to provide the proper guardrails for teams to be productive within reasonable boundaries. We explore governance at both the AWS Organizations level as well as the account level and the tools you can use at both levels.

In this chapter, we’re going...