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

Implementing tagging policies

We’ve already seen how tagging helps you know your AWS inventory better and report on it to see cost and usage. Once you’ve defined your tagging strategy, you can improve the level of resource and cost visibility by applying tagging policies to SCPs across your organization. You can write your own JSON as SCP policies and apply them to OUs. But you can also create and apply tag policies within AWS Organizations in the AWS Management Console.

Tag policies are related to service control policies in that they can help you standardize actions across an OU, but tag policies specifically govern how and what to tag. You will need to attach a tag policy at the OU or account level through AWS Organizations. If applied at the Organization root, then all accounts within that Organization will be subject to the policy.

Let’s assume you wanted to apply a tagging policy to ensure that EC2 instances are tagged with an owner tag. This allows...