Practice Cloud Financial Management (CFM)
Cloud Financial Management (CFM) allows finance, product, technology, and business organizations to manage, optimize, and plan costs as they grow their usage and scale on AWS. The primary goal of CFM is to allow customers to achieve their business outcomes in the most cost-efficient manner and accelerate economic and business value creation while finding the right balance between agility and control. AWS CFM offers a set of capabilities to manage, optimize, and plan for cloud costs while maintaining business agility. CFM is paramount not only to effectively manage costs, but also to verify that investments are driving expected business outcomes. The four pillars of the Cloud Financial Management Framework in the AWS Cloud are see, save, plan, and run. Each of these pillar areas has a set of activities and capabilities.
Following the best practices in CFM is essential for managing costs in your financial services workloads.
These Cloud Financial Management best practices help you establish cost transparency to control your resources and plan your spend to optimize your return on investments.
Best practice questions
