https://github.com/finoops/finops-cheatsheet
A quick reference guide for the key FinOps terminology
https://github.com/finoops/finops-cheatsheet
finops
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A quick reference guide for the key FinOps terminology
- Host: GitHub
- URL: https://github.com/finoops/finops-cheatsheet
- Owner: finoops
- Created: 2023-05-27T10:46:32.000Z (about 3 years ago)
- Default Branch: main
- Last Pushed: 2023-06-09T16:17:49.000Z (about 3 years ago)
- Last Synced: 2025-05-13T14:48:10.255Z (about 1 year ago)
- Topics: finops
- Homepage:
- Size: 11.7 KB
- Stars: 9
- Watchers: 1
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
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README
# FinOps-Cheatsheet
This cheatsheet was assembled during my prep for the FinOps Certified Practitioner exam. Creating mindmaps, to layout the terms and categorisation is a great preparation strategy.
## FinOps Lifecycle
```mermaid
mindmap
root((phases))
Inform
Forecasting
Realtime decision making
Spotting outlying data
Integrate to internal systems
Shared cost allocation
Make recommendations
Visibility
::icon(fa fa-book)
Consuming Teams
Stakeholders
Optimise
Identify
Value for effort
Evaluate discounts from provider
RI
Spot
Discounts
Operate
Processes
Automation
```
## FinOps Domains & Capabilities
https://www.finops.org/framework/domains/
```mermaid
mindmap
root((domains))
Understanding Usage and Cost
Measure UNIT cost
Anomalies
Data Ingestion
::icon(fa fa-table)
Data Analysis and Showback
Shared Cost
Forecasting
::icon(fa fa-chart-line)
Cost allocation
::icon(fa fa-sitemap)
Perf Tracking and Benchmarking
Util & efficiency
Measure UNIT cost
Commitment based discounts
Anomalies
Forecasting
Budget
RealTime decision making
Measuring UNIT cost
Anomalies
Decision structure (remit)
Data Analysis and Showback
Cloud RATE optimisation
Commitment based discounts
Data Analysis and Showback
Cloud USAGE optimisation
Automation
Util & efficiency
Onboarding
Process and guidance maturity
Data Analysis and Showback
Org Alignment
Integration with other frameworks
Culture
Shared Cost
Education and enablement
Chargeback
Finance and budgets
```
## Terms
Some real FinOpsy terms to be familiar with.
Term | Description
---- | -----------
Vacancy | Not using commitment based discounts (Reserved Instances) fully
Fully Loaded Costs | Reflect the true cost, factoring in shared costs and mapped to the org
Blended rates | The effective rate, factoring in discounts etc
Unblended rates | The raw rates that could include more complex, time based pricing models
Showbacks | Shows expenses to org department but keeps them in a central budget
Chargebacks | Sends expenses to org departnment
Cloud Unit Economics | Org specific KPI's to measure FinOps success against. Eg. Cost per item/user/gb
Rate Optimisation | Changing the price through discounts like Reserved Instances
Usage Optimisation | Rightsizing, turning unused resources off
Workload management | Only running resoruces when needed