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

Governance with SCP

You learned how you can set up a multi-account structure using AWS Organizations in Chapter 2, Establishing the Right Account Structure. You also saw how to group accounts into OUs to model your organization’s structure and separate your AWS accounts. This helps to logically organize your AWS accounts and cloud assets to make things easier for chargebacks, application boundaries, and governance.

Governance helps you apply the right permission boundaries to logically grouped AWS accounts. For instance, a group of AWS accounts meant for sandbox and AWS service exploration should comply to different rules than a group of AWS accounts meant to hold production workloads. AWS Organizations helps you apply these governance rules using permission boundaries.

You can apply permission boundaries to an OU to govern what actions principals can take under the OU. Any policies applied to an OU trickle down to affect any accounts tied to the OU, and even sub-OUs and...