FinOps Foundation

Before we embark on a FinOps journey, we must level-set expectations and definitions for us to stay on the right path. We’ll begin by justifying the need for FinOps. Operating in the cloud warrants a mind shift from traditional IT procurement practices. For organizations to truly benefit from what the cloud offers, they must align their line of thinking with the variable nature of paying for cloud resources.

We will define what FinOps is and its principles. We’ll use these definitions as set boundaries as we dive deeper into the execution and implications of FinOps on AWS.

In this chapter, we’re going to cover the following main topics:

• Changing with the cloud
• Rethinking procurement
• Defining FinOps