Cloud FinOps, 2nd Edition

Chapter 7. The FinOps Foundation Framework

The FinOps Foundation Framework is a constantly evolving set of building blocks that enable you to construct a FinOps practice to match your organization’s cloud maturity and complexity. This chapter introduces you to what the Framework is and how to use it in your FinOps practice. In addition, the chapter explains the Framework’s structure and illustrates how you can adapt it to meet your organization’s FinOps needs with related implementations, such as guides, assessments, and playbooks.

Adopting the Framework into your practice keeps you from reinventing the wheel and enables you to quickly remix known building blocks that have existed in various forms for years. Some parts of the Framework are relevant to all practices, such as cost allocation (i.e., metadata and hierarchy) and establishing a FinOps culture, and some are relevant only to specific scenarios, like managing shared costs or IT asset management integration.

The Framework outlines the principles, personas, maturity characteristics, and key capabilities to structure the activities and measures of success needed for a successful FinOps practice. The FinOps Foundation practitioner community, the cloud service providers, and partner members have all contributed to the FinOps Framework. You can relate everything in this book back to the Framework.

Every organization adopting the cloud will need to develop mechanisms to manage cloud costs. The Framework provides an operating ...