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FinOps Domains

FinOps Domains represents a sphere of activity or knowledge. Every organization adopting FinOps will perform activities in all FinOps Domains. Each FinOps Domain consists of FinOps Capabilities; Capabilities outline functional activities that can be performed as part of that Domain.

FinOps Domain Model

Taken together, the FinOps Domains represent the Capabilities an organization must perform in the practice of FinOps. Every organization will leverage each Domain in their FinOps practice. The particular mix of capabilities implemented within each Domain may be unique for an organization and will depend on their FinOps maturity level.

FinOps Domains are not exclusive to one another or process steps. Multiple Domains may be pursued during any phase of an organization’s FinOps practice.

The Domains are interdependent, and together provide a high level overview of what functional activities are needed to run a FinOps practice. The results of an organization implementing these Domains, will show up in cost and usage reporting, will have an impact on performance, and will allow new opportunities to be identified that can serve as inputs to subsequent iterations through the FinOps Phases.

Understanding Cloud Usage and Cost

Within this Domain, the organization will work to gather all required information about its cloud usage and cost, normalize it, make it available for review, including circulating it to those personas that will use it in other Domains.

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Performance Tracking & Benchmarking

Within this domain, the organization sets and maps its usage and cost to budgets, uses historical information to forecast, and establishes and measures KPIs and other performance indicators, including benchmarking.

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Real-Time Decision Making

This Domain improves stakeholder enablement by curating data in stakeholder-specific contexts, iteratively improving decision velocity and aligning organizational processes to the realities of operating in the cloud.

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Cloud Rate Optimization

Within this domain, the organization works to define its pricing model goals, uses historical data to make pricing model adjustments by buying commitment based discounts, and works to manage the pricing aspects of services it is using in the cloud.

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Cloud Usage Optimization

Within this domain, the organization identifies and takes action to match running cloud resources to the actual demand of the workloads running at any given time. This work involves predictive rightsizing of resources, managing workloads to align with the correct number of scaling resources, turning resources off when not in use, and other techniques.

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Organizational Alignment

Within this domain, the organization acts and automates to manage cloud use within the context of other IT Finance activities, and integrates FinOps capabilities with existing organizational processes, organizational units, and technology.

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