Product Owners need to own their Monthly budgets that are scheduled from their Annual Approved AWS Budgets. Working with their Portfolio Management, their Monthly Budgets will be Accepted so that all Users understanding spending within the expected Spending Run Rate.
Monthly Budgets, can be updated via the Rescheduling Process.
As new Workload are added to Budgets, Monthly Schedules will need to be updated through a 2 Step Process.
First there is a Request to Reschedule the Budget by the Product Owner.
Product Owners will navigate to their Budget Page and select the Product Budget that they want to schedule.
Within the Budget, Complete Schedule
Once Schedule is Completed, Product Owner Submit for Approvals and see the Budget Status as Pending.
A submitted Budget will then be sent to the Portfolio User to Approve or Reject.
From their Summary Page they will see they have a Budget Task to take action.
From the Budget Page, the Portfolio Owner will be guided to the Budget Requiring Action.
Porfolio Owner select and Take Action to Approve/Reject Budget Schedule
Upon Approval, the Budget Card will show approved for both Product and Portfolio User.
Financial Admin and Vendor Manager Roles have access to all spending data. Within Budgets Tables, their visuals are layered and can be navigated down to the Monthly Schedule per Budget.
The Page can be toggled Monthly vs Annual with all visuals updating on selection. The Heat Map Chart on the left scales to the contribution of total spending across the financial scope with the color representing spending to budget. If area is Gray, that individual budget is not approved.
Below the Top Visual are the individual Business Units Spending. To drill down on a Business Unit Select the Details of the Departments
Each Department is visible within the Business Unit with the ability to view Portfolios within that Department
Each Portfolio shows all of the Product Budget with the corresponding Monthly Schedule including the cumulative Workload Estimates.
Business Unit Roles have access to all spending data within the Business Unit(S) the have Financial Scope. Within Budgets Tables, their visuals are layered and can be navigated down to the Monthly Schedule per Budget.
The Page can be toggled Monthly vs Annual with all visuals updating on selection. The Heat Map Chart on the left scales to the contribution of total spending across the financial scope with the color representing spending to budget. If area is Gray, that individual budget is not approved.
FinOps Center budgets Rollup through Roles and User Based on their Financial Scope.
For Budgets to be shown with Variance they must have Status Approved.
The Product Budget Status show the Product Budget Status.
Additionally the Reporting -> Variance Report shows Variance by Product.
