Description: Budget management in the context of FinOps and cloud cost optimization refers to the comprehensive process of planning, monitoring, and controlling expenses associated with cloud services. This approach aims not only to keep costs within established limits but also to maximize the value of technology investments. Budget management involves creating financial projections, tracking expenses in real-time, and implementing strategies to optimize resource usage. As organizations adopt cloud solutions, the complexity of costs increases, making budget management essential to avoid financial surprises. Key features of this management include cost visibility, efficient resource allocation, and the ability to make adjustments based on the changing needs of the business. The relevance of budget management lies in its ability to align IT spending with the strategic objectives of the organization, ensuring that every dollar spent contributes to growth and innovation. In an environment where cloud services offer flexibility and scalability, effective budget management becomes a fundamental pillar for the financial and operational success of companies.
