Launch FinOps Excellence: Starting Strong with Maturity Assessment


In today’s dynamic world of cloud computing, it’s essential to understand your organization’s FinOps maturity. Managing costs efficiently is crucial, but advanced cloud performance is more than just reducing costs. FinOps focuses on aligning cloud spending with business goals to maximize value.


So, what exactly is FinOps? Simply put, it’s a set of practices that help organizations manage and optimize their spending in the cloud. The goal? Empowering teams to make informed decisions based on data, ensuring that cloud spending delivers maximum value to the business.


Once you grasp the purpose of FinOps, it’s time to explore the maturity model. Picture a journey from crawling to walking, and finally, running. Each stage represents a level of maturity, showing where your organization stands compared to its goals.


Now, let’s talk about the FinOps maturity assessment. This step is crucial for gaining insights into your organization’s current FinOps maturity and identifying areas for improvement. Think of it as a roadmap guiding your journey towards higher maturity levels.


The FinOps Foundation emphasizes that FinOps is all about helping organizations make smart, data-driven decisions about their cloud usage. This means understanding where you are now and where you want to be. A thorough assessment bridges that gap and paves the way for advancement. According to a FinOps Foundation Insight from April 2024, it’s recommended to incrementally improve upon identified needs. This approach ensures that change is prompted only after a clear need has been established.


It’s important to target maturity levels that align with your organization’s needs. This targeted approach ensures you focus on areas that matter most, prioritizing efforts effectively. Microsoft acknowledges that targeting requires a more nuanced approach beyond the traditional ‘Crawl, Walk, Run’ model, emphasizing the importance of identifying and assessing progress in each area.


Armed with a roadmap tailored to your organization’s needs, you can then set out to achieve maturity levels that match your objectives. Whether it’s optimizing costs, implementing showback/chargeback practices, or following other FinOps principles, targeted maturity enables you to make the most of your resources.


But remember, FinOps maturity assessment is not a one-time deal. It’s an ongoing journey that requires regular check-ins. As your organization evolves and your cloud usage changes, periodic assessments ensure your FinOps practices stay in line with your evolving needs.


In conclusion, FinOps maturity assessment is a valuable tool for organizations seeking to optimize their cloud costs effectively. By understanding the purpose of FinOps, grasping the maturity model, conducting thorough assessments, and targeting maturity levels aligned with their objectives, organizations can unlock the full potential of their cloud investments. So keep assessing, keep evolving, and keep optimizing—your cloud journey is just getting started.

About the Author


Sarah Breshears
Director of Marketing, CloudSaver