Cloud Financial Modelling & Analysis

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The Cloud Computing and FinOps course is designed to provide attendees with a comprehensive understanding of cloud computing and financial operations (FinOps) in the context of modern business environments.

The course focuses on the concept of FinOps, which is a set of practices aimed at managing the financial aspects of cloud computing. Attendees will learn how to optimize cloud usage and reduce costs by applying FinOps principles to their cloud infrastructure.

The course is designed for professionals with a background in IT or finance who are interested in understanding cloud computing and FinOps. Attendees will gain hands-on experience through a series of practical exercises and case studies that demonstrate how to implement and manage cloud infrastructure in a cost-effective manner.

This course is run in partnership with Cirrustra

 Analysing, modelling and controlling cloud compute costs is a vital part of cloud migration strategy.

• Pricing Model: Services are typically billed on a pay-as-you-go basis; users are charged based on their usage of resources. If costs are not monitored and controlled, they can quickly escalate, leading to unexpected bills that can be difficult to manage.
• Patterns: Cloud computing costs can be unpredictable due to factors such as fluctuating demand, changing pricing models, and unexpected usage patterns. Without proper monitoring tools and cost control, these fluctuations can lead to budget overruns and financial instability.
• Metrics and Modelling: Good metrics and tools are essential for controlling costs in cloud computing. By collecting and analyzing data on resource usage, and constructing models, users can identify areas where costs can be reduced or optimized. Underutilized resources can be identified and scaled down or terminated to save costs. High usage periods/resources can be identified where optimization or cost-effective alternatives can be implemented.
• Budgeting Tools: Tools such as cost management platforms and budgeting tools can help users set budgets, monitor spending, and receive alerts when costs exceed pre-defined thresholds. These tools provide visibility into cloud computing costs, enabling users to make informed decisions about resource usage and spending.

• Introduction to cloud computing
• Cloud infrastructure and deployment models
• Introduction to FinOps
• FinOps principles and practices
• Cloud cost optimization
• Cloud financial management and governance
• Cloud cost allocation and chargeback

Upon completion of the course, attendees will have a thorough understanding of cloud computing and FinOps and will be equipped with the skills and knowledge needed to manage cloud infrastructure in a cost-effective and efficient manner. 

Development teams learning to operate in the world of Cloud Compute or Managers seeking to understand how to control the costs in their new Cloud environment. It is also suitable for Institutions that operate Third Party systems and need to build knowledge on how to fully specify their requirements to ensure an optimal Compute Distribution with a  well defined Financial Cost Model. 

Course contents and duration can be modified to align with additional client needs. 

Delivery can be on-site, remote or in recorded form.