Management Functions

In the previous chapters, we learned about the importance of establishing the right metrics to help us achieve our goal of cost optimization. We looked at defining useful metrics and learned about the tools and processes we can use to report on these metrics. These are key data-driven initiatives to help validate our work in cost optimization.

In this final chapter, we’ll discuss other management functions that a centralized FinOps team might execute that are less analytical and more driven by people and processes. Given what we’ve learned thus far, a centralized FinOps team is already busy owning metrics, running analytics and reporting, forecasting, working collaboratively with tech teams to implement cost savings, and driving best practices across the organization. What we haven’t explored yet are the soft skills needed to reduce spending in other areas such as negotiating contracts, managing purchase orders, and facilitating communication...