Overview

In today's competitive landscape, more professionals are seeking to become certified Cloud FinOps Practitioners than ever before. Are you ready to stand out in the world of cloud financial management?

Target Audience / Experience

  • This course is part of a series of training to prepare the viewer for the Cloud FinOps Practitioner Certification.
  • This training provides a comprehensive guide that introduces the principles and practices of Cloud FinOps, a framework for effectively managing cloud usage and costs. It provides a step-by-step roadmap to help organizations navigate the complexities of cloud financial management.
  • Viewers should understand the basics of how the cloud works. You should be familiar with the key services for compute and storage for the cloud providers your business is using. Additionally you should understand the billing and pricing models for these services.
  • Viewers will also need to understand financial processes around forecasting, budgeting, procurement, and allocations.
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Prerequisites

  • Viewers should understand the basics of how the cloud works. You should be familiar with the key services for compute and storage for the cloud providers your business is using. Additionally you should understand the billing and pricing models for these services.
  • Viewers will also need to understand financial processes around forecasting, budgeting, procurement, and allocations.
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Delegates will learn how to

  • Gain a comprehensive understanding of what falls under the subject of Cloud FinOps
  • Understand the Cloud FinOps Framework
  • Understand Cloud FinOps principles, personas, phases, maturity, domains, and capabilities
  • Learn about all Cloud FinOps Capabilities
  • Learn how to adopt a Cloud FinOps practice
  • Learn how to manage commitment based discounts
  • Learn how to overcome the top Cloud FinOps challenges
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Outline

01 - Course Introduction

  • Speaker introduction
  • Training overview and course summary
  • Motivation for this course
  • Audience for this course

02 - Introduction to Cloud FinOps

  • Overview of what Cloud FinOps is
  • 5 steps to get started with Cloud FinOps

03 - Cloud FinOps Framework

  • Cloud FinOps Framework
  • Principles, Personas, Phases, Maturity, Domains, Capabilities

04 - Cloud FinOps Principles

  • Cloud FinOps Principles
  • Teams need to collaborate
  • Decisions are driven by business value of cloud
  • Everyone takes ownership for their cloud usage
  • Cloud FinOps data should be accessible and timely
  • A centralized team drives Cloud FinOps
  • Take advantage of the variable cost model of the cloud

05 - Cloud FinOps Personas

  • Cloud FinOps Personas
  • Cloud FinOps Practitioner
  • Executives
  • Business/Product Owner
  • Finance
  • Engineering and Operations
  • Procurement
  • Security
  • ITAM Leader / Practitioner

06 - Cloud FinOps Phases

  • Cloud FinOps Phases
  • Inform, Optimize, Operate

07 - Cloud FinOps Maturity Model

  • Cloud FinOps Maturity Model
  • Crawl, Walk, Run
  • Established, Enhanced, Excel

08 - Cloud FinOps Team

  • Executives need to understand Cloud FinOps and provide support top down
  • Ability for the team to reach out to all other groups within the organization
  • Members need strong verbal and written skills to partner, collaborate, drive, negotiate, evangelize, and train

09 - Cloud FinOps Common Language

  • Engineers, Finance, FinOps, Cloud use different vocabulary
  • Need to connect different disciplines

10 - Cloud FinOps Partnership and Collaboration

  • Cloud FinOps Practitioner
  • Executives
  • Business/Product Owner
  • Finance
  • Engineering and Operations
  • Procurement

11 - Cloud FinOps Domains

  • Cloud FinOps Domains
  • Understanding Cloud Usage and Cost
  • Performance Tracking & Benchmarking
  • Real-Time Decision Making
  • Cloud Rate Optimization
  • Cloud Usage Optimization
  • Organizational Alignment

12 - Cloud FinOps and Other Methodologies

DevOps, Agile, IT Asset Management (ITAM), IT Service Management (ITSM), Technology Business Management (TBM), the Cloud Service Provider Well-Architected Framework, Continuous Integration and Continuous Delivery (CI/CD), Sustainability, and the Cloud Center of Excellence (CCoE)

13 - Cloud FinOps Capabilities Overview

14 - Cloud FinOps Capabilities

  • Measuring Unit Costs
  • Managing Shared Cost
  • Managing Anomalies
  • Forecasting
  • Data Ingestion & Normalization
  • Cost Allocation (Metadata & Hierarchy)
  • Data Analysis and Showback
  • Resource Utilization & Efficiency
  • Managing Commitment Based Discounts
  • Budget Management
  • Establishing a FinOps Decision & Accountability Structure
  • Intersection of Cloud FinOps & Sustainability
  • Workload Management & Automation
  • Onboarding Workloads
  • Intersection of FinOps & ITFM/TBM
  • Cloud Policy & Governance
  • Establishing FinOps Culture
  • FinOps Education & Enablement
  • Chargeback & Finance Integration

15- How to Adopt a Cloud FinOps Practice

  • Adopting FinOps Deck Oct 2021
  • Plan, socialize, prepare, launch, run

16 - How to Manage Commitment Based Discounts

  • This is a critical skill for rate reduction that can be done centrally
  • Deep dive in how to manage RIs & SPs (AWS), CUDs (GCP), Reservations (Azure)
  • I could also go over how to negotiate vendor contracts incl. strategy and best practice (will add time)

17 - How to Overcome the Top Cloud FinOps Challenges

  • Getting to unit economics
  • Implementing Cloud FinOps at scale
  • Empowering engineers to take action
  • Accurate forecasting
  • Reducing waste
  • Organizational adoption of Cloud FinOps
  • Fully allocating cloud spend
  • Enabling automation
  • Container cost reporting
  • Leadership buy in of Cloud FinOps
  • Allocating shared costs
  • Aligning finance with engineering
  • Managing commitment based discounts

18 - Course Wrap Up

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Special Notices

Please Note: This course is currently under development. We anticipate that the course will be available in early 2024. A full public schedule will be posted as soon as possible. In the meantime, please call for further information or to register interest.

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