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Video: Budget Management
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Takeaways: Budget Management
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Knowledge Check
2.3.3 Budget Management
Why is Budget management important? It’s no surprise that budgets are used in just about every organization to manage spend. They have been shown to be effective and important over the years in ensuring organizations are managed responsibly.
At the end of this module you will be able to:
- Describe the key functions of Budget Management
- Describe the factors determining the effectiveness of Budget Management
- Describe the difference between Big B Budget Management and small b budget management
- Describe how Budget Management supports user accountability for cloud spend
- Explain how Budget Management changes with increasing FinOps maturity
- Describe how FinOps teams can establish and improve Budget Management