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Framework Overview

The FinOps Framework provides the operating model for how to establish and excel in the practice of FinOps.

Flying is easy. Watching the gauges is easy. Managing the radio is easy. Scanning the sky is easy. Watching the weather is easy. It’s doing them all at once that’s hard.

~Anonymous FinOps Practitioner & Pilot

 

FinOps is an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology and business teams to collaborate on data-driven spending decisions.

Like FinOps, the Framework is evolving and informed by community contributions and conversations. Built by the community for the community.

An important aspect of the FinOps Framework is that it requires you to be intentional about how you adopt and implement FinOps concepts and capabilities into your practice. You must make trade-offs at every step of your journey, iteratively revisiting the FinOps lifecycle phases and reevaluating your goals in the context of your stakeholders and business needs, rather than adhering to a rigid standard and sequential set of steps.

finops framework overview
A bird’s-eye view of the FinOps Framework

 

Architecture

The FinOps Framework is designed to represent 2 constituent components:

  1. Framework core content
    Provides a consistent information architecture that encapsulates attributes like measures of success, maturity characteristics, inputs, definitions, functional activities and the personas responsible for them. The Framework core content is directional, providing insights for what is required to setup a successful FinOps practice and a bird’s-eye view of your FinOps journey. It is intended for you to extend and adapt any individual element of the core content – like the Maturity Model or an individual Capability – to create implementations like playbooks, guides, workflows, and processes that meet your needs in the context of your FinOps practice.
  2. Framework implementations
    Represent open-source resources weaved into the Framework core content created by the FinOps community that you can use directly or adapt to meet the needs of your FinOps practice. This content is intended for you to gain insights and showcase how FinOps practitioners in the community tackle challenges in the context of their own cloud complexity, organizational size, industry, and FinOps maturity to name a few. These resources are in the form of capability playbooks, how-to guides, stories, assessments, videos and podcast interviews.

Concepts

FinOps Domains

FinOps Domains represents a sphere of activity or knowledge, and every organization adopting FinOps will perform activities in all Domains during their FinOps journey. They are not exclusive to one another or represent process steps; in fact, Multiple Domains may be pursued during any phase of an organization’s FinOps practice.Taken together, the FinOps Domains represent the Capabilities an organization must perform in the practice of FinOps.

Learn more about FinOps Domains.

The FinOps Personas

 

 

FinOps Capabilities

Each Capability can be thought of as a building block; you can combine as many or as few as needed depending on where you are in our FinOps journey and the needs of your organization. Individually, they represent functional areas of activity involving FinOps personas, tasks and/or processes you implement iteratively to meet your FinOps challenges.  As such, they may exist in more than one FinOps Domain.

The information architecture is designed to encapsulate attributes like KPIs, measures of success, maturity characteristics, functional activities and the personas responsible for those FinOps activities. Additionally, open-source resources are weaved into the Capabilities core content so that you can extend or adapt them to create new implementations of that Capability to meet your needs.

Learn more about FinOps Capabilities.

The structure of a FinOps Capability

FinOps Maturity Model

The designations in the FinOps maturity model enable organizations to start small, and grow in scale, scope and complexity as business value warrants maturing a functional activity. Starting at a small scale and limited scope empowers FinOps teams to assess the outcomes of their actions, gain insights into the value of taking further action, and choose an implementation of the FinOps maturity model that fits their business needs.The FinOps Maturity Model designations are intended to identify where we are currently operating – without judgment – and empower practitioners to seek out opportunities for areas of potential investment.

Learn more about the FinOps Maturity Model.

The FinOps Maturiy Model

FinOps Personas

Implementing the FinOps Framework requires you to work together with the FinOps Personas in your organization. And all the personas involved in FinOps will benefit from understanding the Framework’s operating model. Operating within the FinOps Framework requires finding allies in times of change, defining a common language, building enablement strategies to elevate, and developing communication programs. The practice of Finops is more than a technology solution or a checklist you hand to your teams.Learn more about the FinOps Personas. The FinOps Personas

FinOps Phases

The FinOps lifecycle consists of three iterative phases: Inform, Optimize, and Operate.The Inform phase gives you the visibility for creating shared accountability. The Optimize phase is intended to identify efficiency opportunities and determine their value. The operate phase defines and implements processes that achieve the goals of technology, finance, and business.

Building maturity in to your FinOps capabilities should be viewed through the lens of this iterative lifecycle. In fact, your organization may be pursuing multiple lifecycle phases at any time across a variety of initiatives.

Learn more about the FinOps Phases.

The FinOps Personas

FinOps Principles

FinOps Principles are north stars that guide the activities of your FinOps practice. They’re developed by FinOps Foundation members, and honed through experience. Embracing these principles will help you to establish a self-governing, cost-conscious culture within your organization.

Learn more about the FinOps Principles.

The FinOps Personas

 


Learn more by finding out What’s New in the FinOps Framework.