AWS Cloud for Finance Professionals
Description
In this seventeen-course curriculum, you learn about cloud business value and how to build a business case for a workload migration. You also discover Cloud Financial Management (CFM) best practices, including how to measure, optimize, and plan cloud usage, and how finance teams can innovate with Amazon Web Services (AWS). You learn how to report, monitor, and allocate your cloud costs. You gain technical and pricing-model based cost optimization strategies, find out how to forecast cloud costs, and learn about organizational and governance-based best practices that help drive cost-efficient usage of AWS. You also discover ways to innovate within your finance organization by understanding various solutions available to your firm. Curriculum level: Fundamental.
Intended audience
Chief financial officers
Chief accounting officers
Financial controllers
Financial planning and analysis managers
Procurement managers
Financial analysts
Accounts payable
CFM/FinOps leaders
Cloud infrastructure engineers
Cloud application engineers
Anyone curious about cloud business value and CFM
Topics
AWS Cloud for Finance Professionals Overview
AWS Cloud for Finance Professionals Overview
Suggested prerequisites
Curriculum objectives
Curriculum introduction
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Introduction: Cloud Computing and AWS
Overview
Course objectives
Introduction to Cloud Computing
Why are cloud computing and AWS important?
What is cloud computing?
What is the cloud?
How does cloud work?
Benefits of using AWS
How do customers use the cloud?
AWS helps with hybrid deployments
Cloud is a two-way door
Decisions at the margins
High-frequency change and business agility
Flip your IT budget on its head
Match spending to revenue sources more accurately
Move IT spending decisions to P&L owners
Introduction to AWS
AWS services
Compute
Storage
Networking and content delivery
Database
Analytics
Artificial intelligence and machine learning
End-user computing
Customer engagement
Security on AWS
Highest standards for privacy and data security
Shared Responsibility Model
The most sensitive workloads run on AWS
Transformation Success Stories
Delivering innovation to customers
Personalizing the customer experience
Course quiz
Quiz results
Key takeaways
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Introduction: Cloud Business Value
Introduction: Cloud Business Value
Course objectives
Cloud business value
TCO savings delivers only 8 percent of value
Introduction to the AWS Cloud Value Framework
AWS Cloud Value Framework
AWS Cloud Value Framework (cont.)
AWS Cloud Value benchmarking
Cost savings
Staff productivity
Staff productivity (cont.)
Operational resilience
Business agility
Business agility (cont.)
Course Quiz
Quiz results
Key takeaways
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Introduction: Evaluating A Cloud Migration Decision
Overview
Course objectives
Why evaluating a cloud migration decision is important
Cloud migration barriers
Cloud migration barriers (cont.)
Business Case Methodology
What is a business case?
Cost savings for business cases
Business case considerations
Discover and Map Current IT Estate
On-premises IT estate
Methods to build on-premises ‘as-is’ scenario
Automated on-premises IT estate discovery
Migration Evaluator: Discovery
The importance of a time-series analysis
Reducing TCO with AWS
Calculate Total Cost of Ownership
AWS Cloud Economics team
Analysis approach and timeline
AWS Partners
Quantify Business Value
Business case components
Value above and beyond cost savings
Methods to quantify business value
Operational resilience benchmarks
Staff productivity estimates
Estimate and Reduce Migration Costs
Migration costs
Migration cost bubble
Migration Acceleration Program (MAP)
Migration cost and AWS programs
Reduce migration costs using different migration strategies
Course quiz
Quiz results
Key takeaways
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Introduction: Understanding AWS Cloud Financial Management
Overview
Course objectives
Traditional technology consumption
Cloud technology consumption
The economics of cloud
Cloud is the new data center, but unlike a traditional data center
Traditional financial management leads to undesirable outcomes
Evolving IT financial management capabilities
What good looks like
AWS Cloud Financial Management
Measurement and accountability
Cost optimization
Planning and forecasting
Cloud financial operations
Putting it all together
Business value achieved through CFM
Course quiz
Quiz results
Key takeaways
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Measurement and Accountability: Cost Reporting and Monitoring
Overview
Course objectives
Importance of Cost and Usage Visibility
Importance of cost visibility
Importance of cost visibility (cont.)
Cost Reporting Tools
AWS Billing and Cost Management
Billing and Cost Management dashboard
Console-based bills
PDF bills
Example: PDF bill
Example: PDF bill (cont.)
Payment methods
Cost Explorer
How charges are presented
Example: Amortized costs
AWS Cost & Usage Report (AWS CUR)
Example: AWS CUR
Setting up AWS CUR
Integrating AWS CUR with services
Example: AWS CUR integration
Example: AWS CUR and Tableau
Additional product information
Summary
Tools for Cost Monitoring
AWS Budgets
AWS Budgets (cont.)
AWS Budgets Reports
AWS Cost Anomaly Detection
AWS Cost Anomaly Detection (cont.)
Not all alerts tell the same story
AWS Cloud Management Tools Competency
AWS Partner offerings
How to Establish Organizational Cost Visibility
Where to start
Course quiz
Quiz results
Key takeaways
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Measurement & Accountability: Cost Allocation Building Blocks
Measurement and Accountability: Cost Allocation Building Blocks
Course objectives
Why is cost allocation important?
Connect cloud spend to your business
Cost Allocation Building Blocks
Building blocks
Building block: AWS accounts
Building block: AWS Organizations
Consolidated billing
Why consolidate your accounts?
Variations of account structures
Account-based cost allocation using Cost Explorer
User-defined tags
Why tag?
Why would things NOT be tagged?
Building block: Cost allocation tags
Tag-based cost allocation using Cost Explorer
Building block: AWS cost categories
Example: AWS cost categories-based allocation
Account and tagging strategies
Gathering requirements
Developing an account strategy
The case for a multi-account strategy
Example multi-account strategies
Developing a tagging strategy
Implementing a tagging strategy
Tagging dictionary: Tag keys
Tagging dictionary: Tag values
Cost allocation tags generated by AWS
Publish the dictionary
Define the “rules of the game”
Measure
Enforce
Enforce (cont.)
AWS tag policies
Evolve
Tagging enforcement tools
Course quiz
Quiz results
Key takeaways
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Measurement and Accountability: Cost Allocation Models
Measurement and Accountability: Cost Allocation Models
Course objectives
Why is cost allocation important?
Cost Allocation Models
AWS charge types
Account-based allocation (AWS Cost Explorer)
Tag-based allocation (AWS CUR)
AWS Cost Categories based (AWS CUR)
Nondiscounted proportional
Example: Nondiscounted proportional
Consumption-based allocation
Telemetry-based allocation
AWS Application Cost Profiler
Fixed and equal allocation
Allocating AWS Costs
Showback
Chargeback
Allocating other resource and charge types
Considerations for cost allocation
Appropriate allocation model
AWS Partner Network (APN) offerings
How to establish organizational cost accountability
Course quiz
Quiz results
Key takeaways
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Measurement and Accountability: Cloud Performance Indicators
Overview
Course objectives
What is a KPI?
Why are KPIs important?
Measuring Performance
Areas of cloud value
Cost savings (TCO)
Staff productivity
Operational resilience
Business agility
Measuring Efficiency in a Variable Consumption Environment
Unit metric
Cloud unit metrics
Financial uses of unit metrics
Engineering uses of unit metrics
Engineering uses of unit metrics (cont.)
Data-driven decision making
How to Implement KPIs
The KPI lifecycle
Identify
Measure
Evaluate
Case study
Growth strategy
Problem statement
Identify and measure
Evaluate (cont.)
Course quiz
Quiz results
Key takeaways
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Cost Optimization: Cost-Aware Cloud Consumption
Cost Optimization: Cost-Aware Cloud Consumption
Course objectives
Why is cost awareness important?
AWS Well-Architected (AWS WA)
In reviewing the systems you build, can you answer this question:
About AWS WA
AWS WA pillars
AWS WA purpose
Foundational elements
AWS WA cost optimization pillar
Well-Architected Review
Well-Architected Review (cont.)
AWS Pricing Models
AWS lowers prices over time
AWS pricing
Primary cost drivers
Provisioned cost compared to usage cost
Tiered pricing
AWS Free Tier
Services available at no extra charge
Prices vary by AWS Region
Purchase options
Licenses in the AWS Cloud
Licensing and compliance
AWS License Manager
Benefits of AWS License Manager
How to promote cost awareness for builders
Course quiz
Quiz results
Key takeaways
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Cost Optimization: Optimize Cloud Usage
Cost Optimization: Optimize Cloud Usage
Course objectives
Importance of usage-based technical optimization
Summary of Usage-Based Technical Optimizations
Usage optimizations
Decommission Resources
AWS Trusted Advisor
Identify and manage unused resources
Resource lifecycle management
Evaluate Cost and TCO When Selecting AWS Services and Resources
Evaluate cost and TCO when selecting services and resources
EC2 instance selection
Amazon EC2 or AWS Lambda
Amazon S3 features and cost
Auxiliary costs
Amazon RDS reduces operational work
Root causes behind overprovisioning
Resource rightsizing
Resource rightsizing (cont.)
Select the best-fitting resources
Select the best-fitting resources (cont).
Rightsize existing workloads
Identify underutilized resources
Review recommended target resources
Rightsize for performance
Build and implement a rightsizing plan
Rightsizing best practices
Rightsizing best practices (cont).
Resource modernization
Example: Modern EC2 instances
Example: AWS Graviton modernization
Modernize existing workloads
Identify previous-generation resources
Use Amazon EC2 Spot Instances
Spot Instances
Ideal Spot Instances workloads
Spare capacity at scale
Plan for Data Transfer
Quick data transfer guide
Optimize data transfer
Manage Resource Supply to Meet Demand
Reduce waste by matching resource supply to demand
Manage demand
Manage supply
Example: Scheduled elasticity
How to Get Started
Addressing low-complexity optimizations
Combining usage-based optimizations
Course quiz
Quiz results
Key takeaways
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Cost Optimization: Commitment-Based Purchase Options
Cost Optimization: Commitment-Based Purchase Options
Course objectives
Why are commitment-based purchase options important?
Savings Plans
Why Savings Plans?
Types of Savings Plans
Types of Savings Plans (cont.)
How payment terms and options impact savings
Payback periods
Payback periods (cont.)
Getting started with Savings Plans
Simplified purchasing experience through Cost Explorer
Simplified purchasing experience through Cost Explorer (cont.)
Measuring the effectiveness of Savings Plans
Measuring the effectiveness of Savings Plans (cont.)
Cost reporting with Savings Plans (amortized)
Combining purchase options
Reserved Instances
What is a Reserved Instance?
Reserved Instance specification
Offering class for Amazon EC2 Reserved Instances
Comparing Reserved Instances and Savings Plans
Cost Explorer Reserved Instance recommendations
Volume discounts for Amazon EC2 Reserved Instances
Reserved Instance Marketplace
Measuring effectiveness of Reserved Instances
How Amazon EC2 Reserved Instances and Savings Plans are applied
How to Implement a Commitment-Based Purchase Options Process
Managing commitment-based purchase options
Stakeholders
Governance, analysis, and KPIs
Determining a coverage rate
Approving purchases
Performing a purchase
Purchase validation
Purchase effectiveness
Purchase effectiveness (cont.)
Commitment-based purchase options
First-time purchases
Other best practices
Amazon CloudFront security savings bundle
Course quiz
Quiz results
Key takeaways
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Planning and Forecasting: Estimating Cloud Costs
Planning and Forecasting: Estimating Cloud Costs
Course objectives
Why is estimating cloud costs important?
Estimating Costs Associated with Cloud Workloads
Example: AWS Lambda pricing page
Example: AWS Lambda pricing page (cont.)
AWS Pricing Calculator
AWS Price Service List API and AWS Price List API
Establishing a Cloud Cost Estimation Process
Cost estimation process
Describe the technical solution
Map to and identify AWS services
Select AWS resources
AWS Elastic Beanstalk
Build a high-level cost estimate
Build a high-level cost estimate (cont.)
Demonstration
Demonstration (cont.)
Additional cost considerations
Additional tools for cost estimation
Estimating Costs Associated with Large Migrations
Large cloud migrations
Migration Evaluator
Migration Evaluator (cont.)
AWS Partners
AWS Cloud Economics team
How to get started with cloud cost estimation
Course quiz
Quiz results
Key takeaways
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Planning and Forecasting: Cloud Budgeting and Forecasting
Planning and Forecasting: Cloud Budgeting and Forecasting
Overview
Course objectives
Importance of budgeting and forecasting cloud spend
Forecasts and budgets
Trend-Based Cloud Forecasting
Trend-based forecasting
Trend-based forecasting with AWS Cost Explorer
Driver-Based Cloud Forecasting
Driver-based forecasting
Building a driver-based forecast
Select a unit of cloud spend to forecast
Fixed and variable cloud costs
Calculate costs
Identify costs
Identify business and demand drivers
Example: New product launch
Other Forecasting Methods
Combining trend-based and driver-based forecasts (cont.)
Driver-based forecasting using unit metrics
Including optimization and contingency buffers
Improve Cloud Spend Predictability
Cloud cost monitoring
Proactive cost monitoring and variance analysis
Implement an RCA process using an SOP
Mitigate cloud cost variances
How to establish a cloud budgeting and forecasting process
Course quiz
Quiz results
Key takeaways
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Cloud Financial Operations: Organizational Change for AWS Cloud Financial Manage
Welcome
Course objectives
Why is organizational change for CFM important?
Revisiting How the Finance
Finance organization
Technology organization
Organizational Models for CFM
Quote
CFM organizational models
Decentralized Models
Decentralized CFM
Centralized Models
AWS Partner-based
CFM Lead
Part-time CFM team
Example: Part-time CFM team
Full-time CFM team
Example: Full-time CFM team
Hybrid Models
Cloud Business Office (CBO)
What products does the CBO provide?
Example: Hybrid model
Example: Hybrid model (cont.)
CBO example: The Vanguard Group
Selecting the most appropriate model*
How to Establish a Cost-Aware Organizational Culture
How to establish a cost-aware culture
Finance, business, and technology partnership
Executive sponsorship and goal setting
Implement CFM as a program
Gamify and innovate
Celebrate wins and learn from mistakes
Continuous cloud education
Continuous cloud education (cont.)
AWS CFM
AWS CFM (cont.)
Course quiz
Quiz results
Key takeaways
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Cloud Financial Operations: Cloud Financial Governance and Controls
Overview
Course objectives
Why are cloud financial governance and controls important?
Cloud Financial Governance and Controls
Definitions
Examples
Finding the right balance
Govern and control through process
AWS Governance and Control Building Blocks
AWS Identity and Access Management (IAM)
AWS Service Catalog
AWS Purchase Order Management
AWS PO example
AWS Marketplace
Private Marketplace
AWS Control Tower
Guardrail examples
AWS Config
AWS CloudFormation
Other solutions
Automation-Based Governance Using AWS Services
Discourage maverick spend
Implement control as code
Implement time-based leases
Identify expensive lines of code
Act in response to a cost variance
Course quiz
Quiz results
Key takeaways
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Innovation: Finance Innovation with AWS
Welcome
Course objectives
Principles of finance transformation
Keys to finance innovation
Finance innovation examples
Automate: Intelligent document processing
SSOT: SAP data lake discovery on AWS
AI/ML: ML and time-series forecasts
Analytics: Uncover sales opportunities from data
ERP Modernization: Real-time financial close
Additional finance innovation examples
AWS bespoke solutions
Next steps for innovation
Course quiz
Quiz results
Key takeaways
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