Cloud Financial Management Optimize Cloud Spending #259020

Upon completion of this course, participants will be able to:

1. Understand cloud pricing models (e.g., pay-as-you-go, reserved instances, spot instances) and their implications.

2. Analyze cloud spending using native tools (e.g., AWS Cost Explorer, Azure Cost Management) and third-party solutions.

3. Implement cost optimization strategies for compute, storage, networking, and databases.

4. Design cost-aware architectures that balance performance, reliability, and cost.

5. Establish governance policies for budgeting, alerting, and accountability.

6. Build a culture of cost consciousness within DevOps and engineering teams.

This course is ideal for:

• Cloud Architects and Solutions Engineers

• FinOps Practitioners and Cloud Economists

• IT Financial Managers and Cost Analysts

• DevOps/Infrastructure Teams

• CTOs, IT Directors, and Operations Managers

• Anyone responsible for managing or optimizing cloud budgets

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

Day 1: Fundamentals of Cloud Economics

• Module 1: Introduction to Cloud Financial Management: The Business Case for Cost Optimization

• Module 2: Cloud Pricing Models: On-Demand, Reserved, Spot, and Savings Plans

• Module 3: Cloud Billing and Invoice Analysis: Understanding Your Bill

• Hands-On Lab: Exploring Cost Explorer (AWS) / Cost Management (Azure)

• Case Study: How Companies Waste Millions in the Cloud

Day 2: Cost Visibility and Analysis

• Module 4: Tagging Strategies: Resource Allocation and Accountability

• Module 5: Cost Allocation and Showback/Chargeback Models

• Module 6: Forecasting and Budgeting: Setting Alerts and Thresholds

• Hands-On Lab: Setting Up Budgets and Alerts for Overspending

• Workshop: Designing a Tagging Strategy for a Multi-Team Environment

Day 3: Compute and Storage Optimization

• Module 7: Compute Optimization: Right-Sizing, Auto-Scaling, and Instance Selection

• Module 8: Storage Optimization: Tiering, Lifecycle Policies, and Data Archiving

• Module 9: Container and Serverless Cost Management

• Hands-On Lab: Identifying and Resizing Overprovisioned Resources

• Group Exercise: Optimizing a Sample Workload for Cost and Performance

Day 4: Advanced Optimization Techniques

• Module 10: Database Cost Optimization: Managed Services, Reserved Capacity

• Module 11: Networking Cost Optimization: Data Transfer, CDN, and VPC Design

• Module 12: Automation for Cost Optimization: Scripts and Policy-as-Code

• Hands-On Lab: Automating Cost Optimization with AWS Lambda / Azure Functions

• Case Study: How Spotify Reduced Cloud Costs by 30%

Day 5: Governance and Culture

• Module 13: FinOps: Aligning Finance, IT, and Business Teams

• Module 14: Cost Governance: Policies, Roles, and Responsibilities

• Module 15: Building a Cost-Aware Culture: Training and Incentives

• Capstone Project: Developing a End-to-End Cost Optimization Plan

• Course Wrap-Up: Q&A, Certification, and Action Planning