Finops Cloud Platform Cost Management (ENG)
Cost management is a challenge with cloud platforms, with a new consumption-based model dominated by OPEX, is stark contrast with the op-premises model make mainly of CAPEX, fixed hardware, and licenses costs. After this module, students will acquire a good understanding of the new model, and how it can be managed and optimized in Azure. Azure is taken as an example and the processes can be transplanted to AWS and Google.
Content
• What is a cloud platform?
• Why are we moving to the cloud platform?
• Cloud-related financial risks
• FinOps Framework
• Cost model and transition
• Typical Costs Evolution
• Enterprise agreement vs. CSP
• Multi-Cloud
• Understanding pricing
• Assign costs to budgets
• Costs analysis/optimisation/monitoring and alerting
• Governance & Policies
• Best practices
Learning Outcomes
You'll understand why it's important to manage costs when adopting the cloud
You'll understand how implementing FinOps frameworks can help you control costs
You‘ll learn the fundamentals of FinOps analysis (analysis, optimization and monitoring) and governance
Training Method
Learners are able to get the fundamental understanding of:
What is FinOps Framework?
What are the different cost models and how do they evolve?
The different prices of cloud provider
How to analyze, optimize and monitor costs
What is governance?
Best practices in FinOps Management
Organised By
Digital Learning Hub Luxembourg
Prerequisites
The module 'Introduction to Cloud computing' and at least one of the following modules: AWS Cloud Practitioner Essentials, Microsoft Azure Fundamentals; Google Cloud Fundamentals or equivalent skills
Learning Track
This course is part of the following learning track(s) and can be booked as a stand-alone training or as part of a whole:
ESCO Skills
Your trainer(s) for this course
