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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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Manage 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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Manage 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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Manage Commitment Based Discounts

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Resource Utilization & Rightsizing

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Measure 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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Measure Efficiency

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Establish FinOps Culture

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IT Asset Management

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