Summary

We started this chapter with an introduction to forecasting from a cost accounting perspective. We also examined the company’s income statement and pinpointed the IT cost categories. Then, we set up our solution and imported usage details data using the Microsoft Power BI Cost Management connector. This connector provides a wealth of usage and charges information. We looked at three methods of forecasting: manual, past usage, and advanced forecasting by application. We ended this chapter by showing how to create separate reservation and Marketplace purchase reports.

Congratulations! You have completed the Inform phase of the FinOps lifecycle. What could be more relevant than ending this phase with a case study: let’s look at how Peopledrift Inc. started its FinOps journey, the challenges it faced, and the Objectives and Key Results (OKRs) it achieved.