Using Maturity Models for FinOps
In Chapter 3, Starting the Multi-Cloud Journey we discussed the generic maturity model as guidelines for an assessment, defining how mature an organization is and what its ambition is. We used the Capability Maturity Model (CMM) as an example. It’s shown once more in the following diagram.
We can plot this model on cloud financial operations too. The principles are the same, where on the initial level processes are poorly controlled and outcomes – in financial terms this would refer to costs - are highly unpredictable. Level 5 is the highest level where organizations can focus on improvements since projects and management are well defined, processes are under control and costs are predictable and measurable.
Let’s look at another maturity model that will help in establishing financial management. This model is inspired by an originally developed model by Gartner.