AWS Flash - Cloud Financial Management: FinOps Fundamentals & Strategies (Part 2)

The course covers the foundational knowledge of AWS Cloud Financial Management (CFM) solutions, designed for a range of technical personas from FinOps Practitioners to IT Managers. It begins by introducing the four pillars of AWS CFM - See, Save, Plan, and Run - which enable finance, product, technology, and business organizations to manage, optimize, and plan costs as they grow their usage and scale on AWS. The course explains the AWS consumption-based model and outlines key design principles for cost optimization, such as embracing a consumption-based mindset and stopping spending on undifferentiated heavy lifting. Throughout the course, the content aims to enable practitioners to effectively leverage the AWS CFM framework and solutions to plan, manage, and optimize their cloud spend, ultimately driving cost-conscious decision-making and accelerating business value realization.

• Course level: Fundamental
• Teaching method: On-demand, self service training, videos, and knowledge checks.
• Duration: 60 minutes

Course objectives

In this course, you'll learn:

• Different cost optimization levers including:
  • Elasticity
  • Rightsizing resources
  • Modernization
• Creating a cost aware culture
• How to leverage AWS Native Cost Optimization and Visibility Tooling
• Different AWS Pricing Strategies
• How to effectively allocate your AWS Costs
• How to create impactful KPIs
• Sustainability on AWS

Intended Audience:

This course is aimed at FinOps Practitioner / Manager, Finance Manager, Procurement Lead, IT Manager, Developer, Architect, Dev Ops Engineer.

Prerequisites

None. While not required, having some hands-on experience with AWS services and building cloud-based applications would be beneficial for getting the most out of this course. Also recommend starting with AWS Flash - Cloud Financial Management: FinOps fundamentals & strategies (Part 1).

Course outline

• How to Use This Course
• Introduction
• Cost Optimization
• Pricing Strategies
• Cost Allocation
• Cost Effectiveness and Key Performance Indicators (KPIs)
• Sustainability
• Getting Help
• Contact Us