Cloud Financial Management

Practice Cloud Financial Management

Cost-Aware Processes

CFM Reporting

  • Goal: Regular reporting on CFM implemented across the business
  • Target: Within 6 months all DevOps teams must report bi-weekly on CFM activities
  • Best Practice: Cost-Aware Processes
  • Measures: Number of reports delivered, number of teams delivering
  • Good/Bad: Good
  • Why? When does it work well or not?: Actively drives CFM throughout the organization, ensures a thorough & structured approach to CFM
  • Contact/Contributor: natbesh@amazon.com

CFM included in business processes

  • Goal: CFM included in all relevant business processes
  • Target: Change control process must include CFM, the impact to workload efficiency, effort, and risk, must be evaluated and documented on all changes to any production workload
  • Best Practice: Cost-Aware Processes
  • Measures: % of changes with complete/full CFM evaluation (exceptions are NOT included)
  • Good/Bad: Good
  • Why? When does it work well or not?: Actively drives CFM throughout the organization, minimizes fritciont as changes that impact cost/efficiency are known and communicated to all parts of the business
  • Contact/Contributor: natbesh@amazon.com

Include CFM into internal training programs

  • Goal: Improve CFM capability company wide
  • Target: CFM training to be incorporated into internal training courses for all roles.
  • Best Practice: Cost-Aware Processes
  • Measures: % of courses with CFM included
  • Good/Bad: Good
  • Why? When does it work well or not?: Ensures employees have the capability to perform CFM in their jobs/roles
  • Contact/Contributor: natbesh@amazon.com

New hire training programs

  • Goal: Improve practical CFM capability company wide
  • Target: All new hires to complete the Well-Architected labs fundamentals within their first 3 months
  • Best Practice: Cost-Aware Processes
  • Measures: % of new hires completed the series
  • Good/Bad: Good
  • Why? When does it work well or not?: Ensures employees have the hands on capability to perform CFM in their jobs/roles
  • Contact/Contributor: natbesh@amazon.com

Update CFM guidance

  • Goal: Ensure you keep up to date with best practices
  • Target: Review Well-Architected Cost Optimization Whitepaper yearly, and update all training & process inline with any changes
  • Best Practice: Cost-Aware Processes
  • Measures: % of processes updated
  • Good/Bad: Good
  • Why? When does it work well or not?: Ensures new best practices are implemented, and you’re at the forefront of CFM
  • Contact/Contributor: natbesh@amazon.com

Cost-Aware Culture

Perform CFM, accountability

  • Goal: Ensure CFM is a part of everyones job/role
  • Target: All job descriptions must include CFM within 6 months, applies to all builder/devops/technical/finance & relevant management roles
  • Best Practice: Cost Aware Culture
  • Measures: Number of job descriptions updated, % of relevant descriptions with CFM
  • Good/Bad: Good
  • Why? When does it work well or not?: Actively drives CFM throughout the organization by driving accountability and ensuring all employees are aware CFM is part of their job/role. Ensures accountability can be enforced, as not performing Cost Opt is not performing their job & standard processes can be used as corrective action
  • Contact/Contributor: natbesh@amazon.com

Hire CFM Capabilities

  • Goal: Include CFM as a core capability when hiring
  • Target: All job postings to include CFM within 6 months, applies to all builder/devops/technical/finance & relevant management roles
  • Best Practice: Cost Aware Culture
  • Measures: Number of job descriptions updated
  • Good/Bad: Good
  • Why? When does it work well or not?: Actively drives CFM throughout the organization by hiring CFM capability, also informs the industry & potiential hires that CFM matters to your organization
  • Contact/Contributor: natbesh@amazon.com
  • Goal: Include CFM as a core capability when hiring
  • Target: All job postings to include CFM within 6 months, applies to all builder/devops/technical/finance & relevant management roles
  • Best Practice: Cost Aware Culture
  • Measures: Number of job descriptions updated
  • Good/Bad: Good
  • Why? When does it work well or not?: Actively drives CFM throughout the organization by hiring CFM capability, also informs the industry & potiential hires that CFM matters to your organization
  • Contact/Contributor: natbesh@amazon.com
  • Goal: Ensure CFM capability when hiring
  • Target: As part of the hiring process, all relevant roles (tech, finance & some management) must obtain a pass mark on a CFM test during the phone screen
  • Best Practice: Cost Aware Culture
  • Measures: Number of tests performed, number of candidates passed
  • Good/Bad: Good
  • Why? When does it work well or not?: Ensures that CFM capability is established across your relevant teams, also informs the industry & potiential hires that CFM matters to your organization
  • Contact/Contributor: natbesh@amazon.com

Certification

  • Goal: Ensure CFM capability is retained in the organization
  • Target: Maintain a level of 10 certified employees within the organization
  • Best Practice: Cost-Aware Processes
  • Measures: number of certified employees, number of teams that have certified employees
  • Good/Bad: Good
  • Why? When does it work well or not?: Ensures a verified level of capability throughout the organization
  • Contact/Contributor: natbesh@amazon.com