Take Control of Cloud Costs on AWS | Info-Tech Research Group

Traditional IT budgeting and procurement processes don't work for public cloud services.
The self-service nature of the cloud means that often the people provisioning cloud resources aren't accountable for the cost of those resources.
Without centralized control or oversight, organizations can quickly end up with massive AWS bills that exceed their IT salary cost.

Our Advice

Critical Insight

Most engineers care more about speed of feature delivery and reliability of the system than they do about cost.
Often there are no consequences for over architecting or overspending on AWS.
Many organizations lack sufficient visibility into their AWS spend, making it impossible to establish accountability and controls.

Impact and Result

Define roles and responsibilities.
Establish visibility.
Develop processes, procedures, and policies.

Take Control of Cloud Costs on AWS Research & Tools

Start here – read the Executive Brief

Read our concise Executive Brief to find out why you should take control of cloud costs, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.

Take Control of Cloud Costs on AWS – Executive Brief

1. Build cost accountability framework

Assess your current state, define your cost allocation model, and define roles and responsibilities.

2. Establish visibility

Define dashboards and reports, and document account structure and tagging requirements.

3. Define processes and procedures

Establish governance for tagging and cost control, define processes for right-sizing, and define processes for purchasing commitment discounts.

4. Build implementation plan

Document process interactions, establish program KPIs, and build implementation roadmap and communication plan.

Take Control of Cloud Costs on AWS visualization

Change the way you work to get full value from the cloud.

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.

Table of Contents

Need Extra Help?
Speak With An Analyst

Get the help you need in this 4-phase advisory process. You'll receive 13 touchpoints with our researchers, all included in your membership.

Guided Implementation 1: Build cost accountability framework

Call 1: Scope requirements, objectives, and your specific challenges.
Call 2: Review capability assessment, budget model, and reporting model.
Call 3: Review roles & responsibilities and glossary.

Guided Implementation 2: Establish visibility

Call 1: Review architectural patterns and service cost cheat sheet.
Call 2: Review dashboards and reports.
Call 3: Review account and tagging scheme.

Guided Implementation 3: Define processes and procedures

Call 1: Review tagging and cost governance policies.
Call 2: Review right-sizing process.
Call 3: Review commitment process.
Call 4: Review alerting/notifications and change procedures.

Guided Implementation 4: Build implementation plan

Call 1: Review process interactions and changes.
Call 2: Review KPIs.
Call 3: Review implementation roadmap.

Author

Derek Shank

Contributors

Adam Silverman, Manager, Global Cloud Cost Management, Wolters Kluwer
Amanda Gingras, Product Manager, Moody’s Corporation
Chris Malonis, Account Executive, CloudHealth
Chris Weitz, Managing Director, Cloud Cost Management LLC
Daniel Lott, CloudOps Analyst
David Shepard, EVP Sales & Marketing, CloudAdmin
Joseph Matthew, Director of Technology, Software WORX
Pawel Gieniec, CEO & Founder, CloudAdmin
Stephen Worotynec, Technology Leader, SDLC & DevOps
Ted Kicey, Managing Director, Cloud Cost Management LLC

Search Code: 95040
Last Revised: November 5, 2020

TAGS:

Reduce Cloud Costs, Control Cloud Costs, Lower Cloud Costs, Cut Cloud Costs, Cloud Cost Management, Cloud Cost Optimization, Maximize Business Value from the Cloud, Reduce AWS Costs, Reduce AWS Bill, Lower AWS Bill, Cut AWS Bill, Slash AWS Bill, Reduce Spend on AWS, Reduce AWS Spend, Cut AWS Costs, Cut Costs on AWS, AWS Cost Cutting, AWS Cost Reduction, Reduce Cloud Infrastructure Costs, Lower Public Cloud Costs, Lower Public Cloud Spend, Reduce Public Cloud Spend, Reduce Cost of Cloud Infrastructure, Reduce Spend on Cloud Infrastructure, Manage Cloud Costs, Manage Cloud Costs on AWS, Improve Cloud Cost Management, Effective Cloud Cost Management, Cloud Cost Management Best Practices, AWS Cost Management Best Practices, Best Practices to Manage Costs on AWS, Cloud Cost Management Process, AWS Cost Management Process, AWS Cost Management Program, Cloud Cost Management Program, Develop Program to Manage Cloud Costs, Develop Process to Manage Cloud Costs, Build Program to Manage Cloud Costs, Establish a Cloud Cost Management Program, Develop a Cloud Cost Management Program, Build Process to Manage Cloud Costs, Hold Developers Accountable for Cloud Costs, Hold Engineers Accountable for Cloud Costs, Hold Teams Accountable for Cloud Costs, Charge Back Cloud Costs to the Business, Charge Back Cloud Spend, Show Back Cloud Costs, Charge Back Cloud Costs, Cloud Cost Showback, Cloud Cost Chargeback, Cloud Cost Allocation, Allocation of Cloud Costs, Cloud Costs Out of Control, Cloud Costs too High, AWS Bill too high, AWS Bill out of control, FinOps, Cloud FinOps, CloudFinOps, Implement FinOps, Improve FinOps, Get Started with FinOps, What is FinOps?, FinOps Program, FinOps Processes, FinOps Policies, FinOps Procedures, FinOps Guide, FinOps How-to Guide, Cloud Cost Management How-To Guide

Visit our Exponential IT Research Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019