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Efficient Cloud FinOps

You're reading from   Efficient Cloud FinOps A practical guide to cloud financial management and optimization with AWS, Azure, and GCP

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Product type Paperback
Published in Feb 2024
Publisher Packt
ISBN-13 9781805122579
Length 446 pages
Edition 1st Edition
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Authors (2):
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Danny Obando García Danny Obando García
Author Profile Icon Danny Obando García
Danny Obando García
Alfonso San Miguel Sánchez Alfonso San Miguel Sánchez
Author Profile Icon Alfonso San Miguel Sánchez
Alfonso San Miguel Sánchez
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Toc

Table of Contents (21) Chapters Close

Preface 1. Part 1:Get Started with FinOps FREE CHAPTER
2. Chapter 1: Introduction to FinOps Principles 3. Chapter 2: Understanding How FinOps Fits into Cloud Governance 4. Part 2:Inform – How to Increase Cost Visibility
5. Chapter 3: Designing and Executing the Tagging and Naming Convention Strategies 6. Chapter 4: Estimating Cloud Solution Costs and Initiative Saving 7. Chapter 5: Improving Cost Visibility with Dashboards and Reports 8. Part 3:Optimize – How to Get the Most out of Cloud Resources
9. Chapter 6: Implementing IaaS Compute Optimization 10. Chapter 7: Implementing PaaS and Other Compute Optimization Initiatives 11. Chapter 8: Implementing Database Optimization 12. Chapter 9: Implementing Storage Optimization 13. Part 4:Operate – How to Set Up a Governance Model around Cloud Costs
14. Chapter 10: Designing and Implementing FinOps KPIs 15. Chapter 11: Defining New FinOps Roles and Processes 16. Part 5:Hands-On Cost Optimization with Real-Life Use Cases and More
17. Chapter 12: Case Studies for Cost Optimization 18. Chapter 13: Wrapping up and Looking ahead 19. Index 20. Other Books You May Enjoy

Estimating Cloud Solution Costs and Initiative Saving

Estimating the costs of your cloud solutions is one of the pain points for every organization transitioning to the cloud, from both technical and financial perspectives. It is also a key part of the Inform pillar, as it enables a lot of visibility on possible cost optimization opportunities, as well as projected costs of future projects not yet delivered.

When our infrastructure is hosted in the cloud, we need to be able to estimate the cost of new projects, to make this factor into our decision-making, as costs can make or break a project if not justified.

Apart from being able to estimate the potential cost of new projects, we need to be able to analyze the impact of our cost optimization initiatives beforehand. For example, if we know that an initiative is going to yield big savings, we should prioritize it over others.

In this chapter, we will review the different tools that we have at our disposal to estimate cloud...

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