This work is licensed under CC BY 4.0 - Read how use or adaptation requires attribution

FinOps Capabilities

FinOps Capabilities represent functional areas of activity in support of their corresponding FinOps Domain. Functional activities are tasks or processes that allow one to meet the demands of a FinOps practice iteratively through the lifecycle phases. These functional activities and processes are intended to be in service of enablement, education, knowledge sharing, advocacy, actionable tasks, business objectives, and FinOps maturity improvement.

Cost Allocation (Metadata & Hierarchy)

Cost Allocation is the set of practices to divide up a consolidated invoice or bill among those who are responsible for its various component parts.

Read more

Data Analysis and Showback

Data analysis and showback is the ability to create a near real-time reporting mechanism which calls to attention total costs for the desired business entity, opportunities for cost avoidance, and KPIs...

Read more

Managing Anomalies

Anomaly Management is the ability to detect, identify, clarify, alert and manage unexpected or unforecasted cloud cost events in a timely manner...

Read more

Managing Shared Cost

The true key to understanding total cost of ownership is built upon transparency and accuracy, but unallocated shared costs hinders both of these. Without appropriately splitting costs that are shared, engineers and product managers lack a complete picture of how much their products are really costing.

Read more

Forecasting

This FinOps Capability represents the practice of understanding how future cloud infrastructure and application lifecycle changes may impact current budgets...

Read more

Budget Management

Budgeting for Cloud is a process of collecting estimated expenses for a specific period of time. Decisions on how to operate as a business, what to invest in and other strategic decisions are made based on budgets.

Read more

Workload Management & Automation

Workload Management & Automation focuses on running resources only when they are needed, and creating the mechanisms to automatically adjust what resources are running at any given time.

Read more

Managing Commitment Based Discounts

Spend-based commitment discounts and resource-based commitment discounts are the most popular rate optimizations that cloud service providers offer. This is partially because CSP native tooling and FinOps platforms enable you to plan, manage, and benefit from these types of discount constructs...

Read more

Resource Utilization & Efficiency

In context to FinOps, resource utilization is about making sure you are getting sufficient business value for the cost. It is necessary to observe a resource's utilization over time to understand if the performance, availability or other quality metrics are of value for the expense incurred.

Read more

Measuring Unit Costs

Unit economic metrics enable you to determine the revenue you’ll gain from a single unit of your business and the cost associated with servicing it, ultimately revealing the business value of your cloud spend.

Read more

Data Ingestion & Normalization

Data ingestion and normalization in the context of FinOps represents the set of functional activities involved with processing/transforming data sets...

Read more

Chargeback & IT Finance Integration

Chargeback and IT Finance Integration is about pushing spend accountability to the edges of the organization that are responsible for creating the expense.

Read more

Onboarding Workloads

This capability is about establishing a cloud front door process to onboard brownfield and greenfield applications through financial viability and technical feasibility assessment criteria.

Read more

Establishing FinOps Culture

This capability is about creating a movement to establish cultures of accountability so that your organization understands the practice of cloud cost management is really about leveraging FinOps to accelerate the creation of business value.

Read more

IT Asset Management Integration

This capability examines the integrations between FinOps and IT Asset Management. Widespread use of public cloud creates new challenges for both ITAM and configuration management organizations in several regards...

Read more

Cloud Policy & Governance

Policy and Governance can be thought of as a set of statements of intent, with associated assurances of adherence.

Read more

Establishing a FinOps Decision & Accountability Structure

Help define

coming soon...

Read more

FinOps Education & Enablement

FinOps Education & Enablement allows all those participating in FinOps practices to increase the business value of cloud by accelerating FinOps adoption.

Read more