Course information

Introduction to FinOps Training Course Outline

Module 1: Introduction to FinOps

  • What is FinOps?
  • Why FinOps?
  • Real-Time Reporting
  • Role of Each Team in FinOps

Module 2: Language of FinOps and Cloud

  • Common Lexicon
  • Cloud Language Versus Business Language
  • Creating a Babel Fish Between DevOps and Finance Teams

Module 3: FinOps Lifecycle

  • Principles of FinOps
  • FinOps Lifecycle

Module 4: Allocation

  • Why Allocation Matters?
  • Chargeback Versus Showback
  • Amortisation
  • Creating Goodwill and Auditability with Accounting
  • Going Beyond Cloud with the TBM Taxonomy

Module 5: Tags, Labels, and Accounts

  • Cost Allocation Using Tag and Hierarchy-Based Approaches
  • Using Tags for Billing
  • Getting Started Early with Tagging
  • Picking the Right Number of Tags
  • Working Within Tag/Label Restrictions
  • Maintaining Tag Hygiene
  • Reporting on Tag Performance

Module 6: Optimise Phase

  • Adjusting to Hit Goals
  • Usage Optimisation
  • Rate Optimisation
  • Paying Less with Reserved Instances and Committed Use Discounts
  • RI and CUD Strategies

Module 7: Automating Cost Management

  • What’s the Goal of Automation?
  • Automation Tools
  • Automation Working Together
  • Safety and Security
  • Usage Reduction

Module 8: FinOps for the Container World

  • Move to Container Orchestration
  • Container FinOps Lifecycle
    • Container Inform Phase
    • Container Optimise Phase
    • Container Operate Phase

Module 9: Managing to Unit Economics: FinOps Nirvana

  • Metrics as the Foundation of Unit Economics
  • Coming Back to the Iron Triangle
  • Activity-Based Costing
  • What’s Missing from the Equation?

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Who should attend this Introduction to FinOps Training Course?

The Introduction to FinOps Training Course is designed for professionals across various sectors who want to gain a comprehensive understanding of Financial Operations (FinOps) principles and practices. This training is valuable for a diverse range of individuals, including:

  • IT Managers
  • Business Analysts
  • Cloud Architects
  • Operations Managers
  • Product Managers
  • Cloud Cost Analysts
  • Cloud Administrators

Prerequisites of the Introduction to FinOps Training Course

There are no formal prerequisites for the Introduction to FinOps Training Course. However, delegates should have a basic understanding of cloud computing concepts to fully engage with the training material.

Introduction to FinOps Training Course Overview

Introduction to FinOps is a foundational training course that introduces individuals and organisations to the concept of Financial Operations, or FinOps. FinOps is a discipline that focuses on the financial management of cloud resources and services. In this course, participants gain a fundamental understanding of how to optimise and manage their cloud spending efficiently.

The benefits of the Introduction to FinOps Certification Course are significant. It empowers organisations to gain control over their cloud spending, preventing unexpected cost overruns. It enables better financial planning and budgeting, ensuring that cloud resources are allocated optimally to meet business needs without overspending. Also, individuals and teams who complete this course acquire valuable skills in cloud cost management, making them more attractive to employers in the ever-expanding cloud industry.

The Knowledge Academy's 1-day Introduction to FinOps Training Course offers several advantages. It equips delegates with practical skills to analyse cloud cost data, identify cost-saving opportunities, and implement cost optimisation strategies. This, in turn, leads to tangible cost reductions for businesses. Additionally, organisations that invest in this training for their teams benefit from improved operational efficiency as employees become proficient in managing cloud resources effectively.

Course Objectives

  • To understand the fundamentals of FinOps
  • To learn cloud cost tracking and analysis techniques
  • To develop budgeting and forecasting skills for cloud spending
  • To implement cost optimisation strategies in cloud environments
  • To foster a cost-conscious culture for efficient resource management

In this FinOps Certification, participants will gain a comprehensive understanding of FinOps, enabling them to effectively manage cloud costs, optimise spending, and contribute to their organisation's financial success in the cloud era.

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What’s Included in this Introduction to FinOps Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • Introduction to FinOps Certificate
  • Digital Delegate Pack

Why choose us

Our Mississauga venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Mississauga is the sixth largest city in Canada. It is in the south of the province of Ontario in the region of peel. The city is estimated to have a population of around 715,000 people. The rapid growth of this city is attributed to its proximity to Toronto. It was originally built as suburb of Toronto. Education in Canada is mostly free and publicly funded. It is overseen by the federal, provincial and local governments, with the education within provincial jurisdiction and the curriculum overseen by the province. Education is compulsory in most provinces up to the age of 16. Mississauga is served by the Peel District School Board, which operates the secular English speaking public schools. There is also a school board that runs the local catholic schools and a board that runs the French speaking schools in the area, one for the secular French schools and one for the catholic French schools. There are a number of schools in the area that offer specialised programs. These include the French immersion schools such as Clarkson Secondary School and Streetsville Secondary School. There are three schools in the areas that off a Regional Arts Program and two that offer a specialist sci-tech program for students who are gifted in these areas. There is also two schools that offer support for those studying for the international baccalaureate plus numerous other programs. Canada’s higher has a very good reputation. However there is no formal ranking system and students will often choose colleges and universities bases on geographic convenience and the reputation of a particular course. Mississauga is home to one of the three campuses run by the University of Toronto. This university is ranked as the 34th best university in the world and is the second highest ranked Canadian university in the rankings. The campus was established in 1967 and is the universities second largest division. It is home to 12,000 students. They have 15 academic departments and pupils can choose from 148 programs to participate in from 89 areas of study. Students can study both undergraduate and graduate programs on this campus. This campus also has an excellent research environment that has helped the staff and researchers become internationally recognised for their work. The university includes Institutes for Management and Innovation, and Communication, Culture, Information and Technology.

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Address

Robert Speck 2
2 Robert Speck Parkway
Suite 750
Mississauga
Ontario
L4Z 1H8

T: +1 6474932992

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Accounting & Finance Training | Introduction To FinOps Training in Mississauga. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Accounting & Finance Training | Introduction To FinOps Training in Mississauga, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Accounting & Finance Training | Introduction To FinOps Training in Mississauga FAQs

FinOps is the operational practice of managing and optimising cloud costs, uniting finance, technology, and business to maximize cloud investment value. It emphasises cost transparency, accountability, and ongoing optimization, ensuring informed cloud usage decisions for financial efficiency and control.
FinOps is a cultural practice, and its operating model is the common dynamic method beneficial for teams to control their cloud costs. With FinOps, teams can operate collectively to gain operational and financial control.
Teams collaboration, variable cost model, decisions driven by the business value, control of cloud usage, reports should be convenient and timely, centralised team drives FinOps are the six principles of FinOps.
Inform (visibility and allocation), optimise (utilisations), operate (continuous improvement and operations) are three phases of FinOps.
There are no formal prerequisites for this Introduction to FinOps Certification Course.
This FinOps Certification Training provides you with a comprehensive knowledge of FinOps methodology. This training includes the knowledge of FinOps lifecycle, maintaining tag hygiene, adjusting to hit goals and automation tools.
The duration of this FinOps Certification Course spans over 1 day.
The FinOps Certification equips individuals with skills in cloud financial management, cost optimisation strategies, budgeting, forecasting, and governance, enabling efficient cloud spending and maximizing return on investment.
After completing the FinOps Certification Course, career opportunities include roles such as FinOps Analyst, Cloud Financial Manager, Cost Optimisation Specialist, and FinOps Consultant, among others, in industries adopting cloud services to manage their cloud expenses effectively.
If you are unable to access your Introduction to FinOps Certification Course, you should contact The Knowledge Academy customer support team. They can assist with login issues, course access problems, and any technical difficulties you might encounter.
The Knowledge Academy in Mississauga stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking an Introduction to FinOps Certification Course.
The training fees for Introduction to FinOps Trainingin Mississauga starts from CAD1695
The Knowledge Academy is the Leading global training provider for Introduction to FinOps Training.
Please see our Finance Courses courses available in Mississauga
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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

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