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FinOps Principles

Course Summary

This course provides developers and team leaders with a comprehensive understanding of FinOps principles, focusing on optimizing cloud costs while maintaining operational excellence. Participants will explore the FinOps domain model and learn practical strategies for implementing cost-effective practices in their organizations.

Purpose
Learn practical strategies for implementing cost-effective practices while optimizing cloud costs.
Prerequisites
In order to succeed in this course, you will need:
- Basic understanding of cloud computing concepts.
- Familiarity with AWS services and terminology.
- Some experience with software development and scripting languages (e.g., Python, JavaScript).

Role
Cloud Practitioner | Product Manager | Developer | Business Analyst
Skill level
Intermediate
Style
Lecture | Case Studies | Discussions
Duration
1 day
Related technologies
AWS Cloud | Python | JavaScript

 

Learning objectives
  • Describe the core concepts of FinOps and its importance in cloud cost management.
  • Describe the FinOps domain model and its key components.
  • Discuss practical strategies for optimizing cloud costs while ensuring operational efficiency.
  • Implement best practices for budgeting, forecasting, and cost allocation in cloud environments.
  • Identify tools and techniques for monitoring, analyzing, and optimizing cloud spending.

What you'll learn:

In this course, you'll learn:
  • Introduction to FinOps
    • Definition and importance of FinOps
    • Evolution of cloud cost management
    • Benefits of adopting FinOps practices
  • FinOps Domain Model
    • Overview of the FinOps domain model
    • Key components:
      • Inform
      • Optimize
      • Operate
  • Cost Visibility and Accountability
    • Establishing cost visibility across teams
    • Implementing accountability measures for cloud spending
    • Role of tags, labels, and resource groups in cost allocation
  • Cost Optimization Strategies
    • Rightsizing instances and resources
    • Implementing scheduling and automation for cost savings
    • Leveraging spot instances and reserved capacity
  • Budgeting and Forecasting
    • Setting cloud budgets and financial targets
    • Forecasting cloud spending based on usage patterns and trends
    • Monitoring budget adherence and adjusting forecasts as needed
  • Cloud Cost Allocation
    • Allocating cloud costs to business units, projects, and teams
    • Implementing showback and chargeback mechanisms
    • Using cost allocation reports and dashboards for decision-making
  • Tools and Best Practices
    • Overview of FinOps tools and platforms
    • Integrating cost management tools with CI/CD pipelines
    • Best practices for continuous optimization and cost control
  • Case Studies and Practical Examples
    • Real-world scenarios illustrating FinOps principles in action
    • Discussion on successful cost optimization strategies and their outcomes

FinOps Principles

real world content

Real-World Content

Project-focused demos and labs using your tool stack and environment, not some canned "training room" lab.
expert practitioners

Expert Practitioners

Industry experts that bring their battle scars into the classroom.
experiential learning

Experiential Learning

More coding than lecture, coupled with architectural and design discussions.
fully customized

Tailored Outlines

Once-size-fits-all doesn't apply to training teams. That's where we come in!

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