Merge pull request #616 from oracle-devrel/FinOps-add

finops add

Author: AlexanderHodicke

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

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+# FinOps
+
+**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
+
+
+**The FinOps Framework** describes 
+1. The Principles that drive FinOps practices
+2. The Personas that FinOps must support as stakeholders
+3. The best practices and process models that allow us to accomplish this
+4. The Domains of activity we will have to perform in our FinOps practice
+
+# Principles
+
+- Teams need to collaborate
+- Everyone takes ownership of their cloud usage
+- A centralized team enables FinOps
+- Reports should be accessible and timely
+- Decisions are driven by the business value of the cloud
+- Take advantage of the variable cost model of the cloud
+
+# FinOps Phases
+
+**Inform**: Gain visibility into your cloud usage;
+**Optimize**: Reduce overconsumption by making optimal decisions based on data;
+**Operate**: Create a culture for cost optimization.
+
+# Useful Links
+
+[State of FinOps](https://data.finops.org/)
+
+
+Attribution
+[FinOps Principles](https://www.finops.org/framework/principles/) by [FinOps Foundation](https://finops.org/about/)
+
+
+
+# License
+
+Copyright (c) 2023 Oracle and/or its affiliates.
+
+Licensed under the Universal Permissive License (UPL), Version 1.0.
+
+See [LICENSE](https://github.com/oracle-devrel/technology-engineering/blob/main/LICENSE)for more details.
+Reviewed: 20/11/2023

manageability-and-operations/operations-advisory/finops/finops-in-oci.md

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+# How OCI Can Support FinOps Discipline
+
+In Cloud, the ability to spin up infrastructure by the simple push of a button has shifted costs from a fixed model to a variable model, 
+increasing the distance from Engineerig and Finance teams. At the same time, this increases the chance for resources to be deployed and under-utilized,
+or to be under-utilized under particular circumstances.
+OCI provides tools and constructs to ensure FinOps discipline can be applied:
+
+**Organizations**: allows a parent-child relationship between various tenancies
+
+**Tenancies**: provide strong isolation among workloads
+
+**Compartments**: allow resources to be organized 
+
+**Resources**: all OCI artifacts that can be deployed
+
+**Tags**: add metadata information to resources to apply governance policies and break down cost reporting
+
+**Budgets**: thresholds that can be set on cost per billing cycle that OCI will evaluate every hour to send an alert in case the value for the budget is crossed or closed. Budgets can be targeted toward subscriptions, child tenancies, compartments, and tags. The integration with the Event service can be used to trigger automation such as the creation of Quotas.
+
+**Quotas**: limits are set by Admins on compartments to prevent overspending.
+
+
+
+Cost reporting tools in OCI are aware of resource hierarchy and tags.
+Understanding your organization's reporting needs is the first step that needs to be
+taken into account when planning for a costing structure.
+
+OCI provides powerful tools to support FinOps discipline.
+
+
+
+1. **Cost Analysis** to visualize consumption over time. Group-by and filtering dimensions are available to customers. Queries can be saved for reuse. Data can be extracted as CSV and PDF. Future cost prediction is estimated based on current usage patterns. Reports can run at a specific time and deliver the content to an object storage.
+
+2. **Custom Cost Reports** show usage hourly per resources. Combined reports can be generated for all tenancies in an organization, viewed in Oracle Analytics Cloud, and queried in Autonomous DB when transferred. This move can be automated.
+
+3. Reporting needs across multiple cloud providers can be met by **3rd Party tools** such as Flexera, CloudHealth, and Cloudvane.
+
+4. **Cloud Advisor** enables cost-saving opportunities with resource-specific recommendations and customizable profiles. These recommendations can be immediately implemented via the 'fix-it' flow, without navigating to the specific resource.
+
+
+
+
+
+
+
+# Useful Links
+
+[FinOps best practices for Oracle Cloud Infrastructure](https://www.youtube.com/watch?v=0ia5wMwrAuI)