FinOps Principles
The FinOps framework includes six principles that act as north star objectives of the FinOps practice. These principles are:
A centralized team drives FinOps
- The central team encourages, evangelizes, and enables best practices in a shared accountability model. In this regard, the FinOps central team is much like security, which has a central team, yet everyone remains responsible for their portion.
- Executive buy-in for FinOps and its practices and processes is required.
- Rate, commitment, and discount optimization are centralized to take advantage of economies of scale.
- Remove the need for engineers and operations teams to think about rate negotiations, allowing them to stay focused on usage optimization of their own environments.