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manageability-and-operations/operations-advisory/finops/README.md

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# FinOps
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**FinOps** is a cloud financial management practice that support organizations to optimize their cloud spending by proiding a dedicated framework to achieve get maximum business value by helping engineering, finance & business teams to collaborate on data-driven spending decision
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**FinOps** is a cloud financial management practice that supports organizations to optimize their cloud spending by providing a dedicated framework to achieve maximum business value by helping engineering, finance & business teams to collaborate on data-driven spending decision
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**The FinOps Framework** describes
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# Principles
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- Teams need to collaborate
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- Everyone takes ownership for their cloud usage
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- Everyone takes ownership of their cloud usage
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- A centralized team enables FinOps
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- Reports should be accessible and timely
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- Decisions are driven by business value of cloud
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- Decisions are driven by the business value of the cloud
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- Take advantage of the variable cost model of the cloud
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# FinOps Phases
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**Inform**: Gain visibility inyo your cloud usage;
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**Inform**: Gain visibility into your cloud usage;
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**Optimize**: Reduce overconsumption by making optimal decisions based on data;
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**Operate**: Create a culture for cost optimization.
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Licensed under the Universal Permissive License (UPL), Version 1.0.
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See [LICENSE](https://github.com/oracle-devrel/technology-engineering/blob/main/LICENSE)for more details.
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Reviewed: 20/11/2023
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Reviewed: 20/11/2023

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