Capabilities & Domains
You'll create and measure your KPIs here.
What is Measuring Unit Costs?
It shows what assets and debts your company owns at the current time.
What is a Balance Sheet
A short-duration, iterative cycle of activity in which to perform a specific set of activities or achieve a specific set of objectives.
What is a Sprint?
EC2 Savings Plans
What is AWS
Reconciles the cloud invoice
What is Accounting or What is Finance
It's the domain used most in the Inform phase
What is Understanding Cloud Usage & Cost
It expresses the cost of borrowing money for your company, or the rate of return required by a cash outlay
What is the Internal Rate of Return, Internal Cost of Capital, or Weighted Average Cost of Capital
This kind of architecture might employ the use of Cloud Functions, Lambda, or Azure Functions
What is serverless
Compute Engine
What is GCP
Responsible for workload management
Who is Engineering or who are development teams or who are application teams
This capability helps me identify when i've left an expensive resource running accidentally.
What is Managing Anomalies?
Using cloud services rather than purchasing hardware in a datacenter allows us to reduce the amount of spending classified as Capital Expenses and increase spending classified as this.
What is Operating Expense
This infrastructure might help me deploy my code from development environments to test or production
What is a CI/CD pipeline
DocumentDB with MongoDB compatibility
What is AWS
People who negotiate your enterprise agreement
Who are procurement
This involves turning things off when you're not using them.
What is Workload Management & Automation
An authorization to a vendor to submit invoices for a certain amount of money for certain services or items.
What is a Purchase Order or PO.
Unlike traditional methods where infrastructure components are built by hand individually to create a system's environment, this method may be used in the cloud.
Blob Storage
What is Azure
They set overall direction and expectations for cloud value in the company
Who is leadership or executives?
What is Cloud Policy & Governance
if you receive value from a cash outlay in another accounting period you must account for the cost of achieving that value as this
What is amortization.
A monolithic application might be broken down in the cloud to operate as a collection of more individual components using this model.
What is a Micro-Service architecture?
TDSQL for MySQL
What is Tencent
They're responsible if the cloud billing data isn't normalized enough to do cost allocation
Who is the FinOps Team