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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.

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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...

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Managing Anomalies

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

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Managing Shared Cost

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Forecasting

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

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Budget Management

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Workload Management & Automation

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Managing Commitment Based Discounts

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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.

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Measuring Unit Costs

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Data Ingestion & Normalization

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

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Chargeback & IT Finance Integration

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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.

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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.

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IT Asset Management Integration

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Policy & Governance

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