Creating a culture of accountability is the foundation of effective FinOps management. At SoftwareONE, we have found that creating that culture directly correlates to how quickly and successfully an organization can mature and experience the value of FinOps management.
Working with an experienced partner, a company can effectively undertake FinOps in three essential stages—inform, optimize, and operate.
In phase one, the organization creates a dashboard that enables company units to learn the total of their cloud spend and its costs, bringing together representatives from each team to form a cloud center of excellence (Cloud CoE). Once established, a Cloud CoE can gain insight into the organization’s entire cloud footprint.
In phase two, stakeholders discover how to identify, execute, and measure optimizations. In this phase, the strategy for optimization and how to communicate to the various team members are defined.
In phase three, stakeholders will explore how to jointly achieve their goals by adhering to continuity and structure policies. These phases ensure the entire organization is aware of the initiative, informed of the company’s goals, and can work individually and collectively to reach those objectives.