Cloud Services. Procuring, Financing and Budgeting
Written by Mark O’Loughlin
You probably already know that cloud reduces the need for upfront capital cost (CAPEX) requirements and instead costs are paid for on a utility basis, i.e. pay-per-use model.
You probably don’t know if your organization’s current procurement rules and culture is really set-up to approve, finance and support fluctuating costs from the use of cloud services, i.e. pay-per-use, over the traditional method of fixed price costs and services? Also, can your organisation manage flexible budgets?
However, many organizations are finding out the hard way that uncontrolled utility based, pay-per-use cloud costs are leading to unforeseen costs. Therefore:
- Cloud costs must be controlled in line with expected, planned and costed usage
- To cater for flexible budgets to cover flexible demand for cloud services, organisations need to introduce proper charging mechanisms for the use of cloud services
- A cloud strategy needs to cover the management of cloud budgets and the billing mechanism for actual cloud consumption
The Professional Cloud Service Manager (PCSM) course from the Cloud Credential Council (CCC) provides guidance on how to deal with the changes in the Procurement, financing and budgeting of cloud services
About the Cloud Credential Council
The Cloud Credential Council (CCC) is a global community driven organization that empowers companies in their digital transformation journey. We do this by offering vendor-neutral certification for IT Professionals including Cloud, Big Data, and IoT.
The CCC Cloud Certification Program enables IT Professionals to maximize the benefits of cloud solutions within their organizations.
About the Author
Mark O'Loughlin is the Managing Director of the CCC. Mark is internationally recognized as a global thought leader and published author in digital IT, cloud computing, DevOps, cloud service management, and IT Service Management.
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