When developing a business case for a new FinOps initiative, which of the following elements are MOST critical in demonstrating the potential long-term value of the initiative to executive stakeholders?
A company using multiple cloud providers needs to develop a consolidated budget forecast to support multi-cloud cost optimization. Their goal is to manage budget expectations accurately across different teams with varying needs and usage patterns. Which two approaches would be most effective in building an accurate and actionable forecast?
An organization is integrating FinOps practices with IT Asset Management (ITAM) to gain comprehensive visibility into cloud usage and costs. A key challenge is ensuring accurate tracking and management of cloud-based resources, especially those that are dynamically provisioned and decommissioned. Which of the following practices would best support this integration and improve oversight of cloud assets?
Your organization is implementing a cloud governance framework as part of its FinOps strategy. One of the key policies mandates establishing spending limits on projects to prevent budget overruns. The FinOps team must ensure that the policy is properly enforced across all departments, especially those with high cloud usage. Which of the following approaches would best enforce this policy?