Optimize costs with FinOps hub

With the FinOps hub, you can monitor and communicate your current savings, explore new recommended opportunities to optimize costs, and plan your optimization goals. The FinOps hub dashboard presents all of your active savings and optimization opportunities in one dashboard. The FinOps hub automatically generates the dashboard based on historical usage metrics gathered by Cloud Billing and Recommender, including recent usage and current commitments.

The FinOps hub recommends opportunities to save by considering three optimization practices: turning off idle resources, right-sizing instances, and purchasing committed use discounts (CUDs). Metrics throughout the hub reflect how well you're using those optimizations and identify additional optimization opportunities to reduce costs and improve FinOps practices.

Permissions required to access the FinOps hub

To access the FinOps hub and view available recommendations, the FinOps score and CUDs optimization metrics, you need either the Billing Account Administrator or the Billing Account Viewer role for your Cloud Billing account.

To view the recommendation detail panels, you need the Project Viewer role for each of the projects that you want to see recommendations for, and recommender-specific permissions. See the list of FinOps hub cost recommenders for the recommenders that contribute to hub metrics. To learn how to grant permissions to view recommendation updates, see Recommender overview.

To access the FinOps hub using a custom role, you need the following permissions on your Cloud Billing account:

  • billing.accounts.get
  • billing.accounts.getSpendingInformation
  • billing.finOpsBenchmarkInformation.get
  • billing.finOpsHealthInformation.get
  • recommender.costRecommendations.summarizeAll
  • recommender.costRecommendations.listAll

Explore the FinOps hub

To view the FinOps hub:

  1. In the Google Cloud console, go to the FinOps hub.

    Go to FinOps hub

  2. At the prompt, choose the Cloud Billing account for which you want to view the FinOps hub.

The FinOps hub dashboard

The FinOps hub dashboard summarizes your current cost optimizations and introduces Google Cloud-recommended optimizations. Information on the FinOps hub reflects historical data collected.

Example of the FinOps hub dashboard with each widget visible

Optimization Summary

The Optimization Summary is a snapshot of how much you're saving with optimizations, current recommendations from Google Cloud, and how much more you could save by adopting additional optimizations. The Optimization Summary includes:

  • Last month's realized savings - the total monthly savings related to CUDs, right-sizing instances, and removing idle resources.

  • Active Recommendations - the total number of Google Cloud-recommended optimizations available to you. Recommendations include suggestions to turn off idle resources, right-size instances, and purchase CUDs.

  • Potential savings per month - the estimated amount of money you can save by applying all available recommendations. If there are multiple potential opportunities to save on the same Compute Engine resources, such as a resource-based CUD and a flexible CUD, you get the recommendation with the highest savings.

FinOps score

The FinOps score can help you gauge how well you're using Google Cloud tools to monitor and save costs, and how you can continue to optimize costs. The score is a calculation based on how you follow optimization best practices, including the following:

  • Monitoring spend by actively logging in and using Cloud Billing tools.
  • Using tools such as tags and labels to allocate costs for your resources.
  • Optimizing resources by turning off idle resources and right-sizing instances.
  • Purchasing CUDs, including CUDs opportunities recommended by Google Cloud.
  • Creating and monitoring budgets frequently.
  • Automating your cost management by using tools such as the billing BigQuery export and using the Budgets API.

Select Improve your score to review Google Cloud recommended cost-saving actions based on three stages of the cloud FinOps journey: inform, operate, and optimize.

Example of the FinOps score details page.

The FinOps score also provides a peer benchmark score as a view of your optimization performance in the context of industry verticals based on aggregated usage data. All customers are automatically opted into peer benchmarking aggregation, but you can choose to opt out at any time. If you choose to opt out, you no longer see CUD recommendations, the FinOps score, or the peer benchmark score in the FinOps hub.

The FinOps and peer benchmark scores are based on data collected two days prior, and are updated daily. Your score might change depending on factors such as new customers joining the peer benchmark score.

Opt in or out of participating in the peer benchmark score

To opt in or out of participating in peer benchmarking, you must have the Billing Account Administrator role on your Cloud Billing account, and the dataprocessing.groupcontrols.update permission on your Cloud Billing account, which is part of the Data Processing Controls Resource Admin role.

  1. In the Google Cloud console, open the Identity and Access Management (IAM) Transparency and Control Center for your Cloud Billing account.

    Go to Transparency and Control Center

  2. Select your Cloud Billing account from the menu.

  3. To opt out of participating in peer benchmarking, in the Data processing groups table, for the Billing group, click Disable.

    If you want to opt in, select Enable.

Top Recommendations

The Top recommendations widget shows you the top 10 recommendations by potential cost savings. Each recommendation displays the estimated monthly savings, the associated service, and a brief description of the recommendation.

Example of the FinOps
Recommendations list.

You must have the Recommender Viewer role on your Cloud Billing account to get additional details about the recommendation.

Select the recommendation to get further details and to apply the recommendation.

Potential savings by service

With Potential savings by service, you can focus on savings by service. The chart shows the total potential savings from all cost optimization opportunities broken down by the associated service.

You can get more information by selecting View all recommendations to review all your optimization opportunities.

CUD optimization

The committed use discount (CUD) optimization widget presents last month's savings as well as your rate of CUD optimization and your peers' optimization rate. We determine your CUD optimization rate by calculating how much of your usage across all products over the last 30 days can be converted to CUDs. For example, in the past 30 days, you might have spent $10,000 on Google Cloud products eligible for CUDs, and received $8,000 worth of CUDs. In this example, you are using $8,000 out of $10,000 in CUDs opportunities, so your CUD Optimization rate is 80%.

The peer benchmark score is a metric calculated with aggregated data, similar to the FinOps score peer benchmark, and offers an opportunity to consider how your organization is using CUDs compared to industry peers.

Last month's realized savings

For a high-level view of your savings from commitments, use the Last month's realized savings widget, which breaks down your savings by the services that you have purchased commitments for.

Carbon Footprint dashboard

The Carbon Footprint dashboard presents the estimated greenhouse gas emissions from your Google Cloud usage. The dashboard displays " leaf icon Low CO2" next to locations that have the lowest carbon impact. For more information, visit the Carbon Footprint documentation.

Apply recommendations

You can continue to optimize by taking advantage of Google's recommended cost-saving actions. You can access and apply recommended actions by reviewing Increase your score on the FinOps score widget, clicking any of the recommendations on the Top Recommendations widget, or by visiting the Committed Use Discount Recommender.

FinOps hub cost recommenders

The FinOps hub dashboard receives metrics from various Google Cloud cost recommenders. Use the following table to learn more about each recommender.

Name Recommender ID Short Description
Cloud Run CPU allocation recommender google.run.service.CostRecommender Switch to CPU always-allocated
Cloud SQL idle instance recommender google.cloudsql.instance.IdleRecommender Remove unused SQL instances
Cloud SQL overprovisioned instance recommender google.cloudsql.instance.OverprovisionedRecommender Right-size overprovisioned SQL instances
Committed use discount recommender google.compute.commitment.UsageCommitmentRecommender google.cloudbilling.commitment.SpendBasedCommitmentRecommender Reduce costs through commitments
Idle custom image recommender google.compute.image.IdleResourceRecommender Remove unused images
Idle IP address recommender google.compute.address.IdleResourceRecommender Remove unused IPs
Idle persistent disk recommender google.compute.disk.IdleResourceRecommender Backup and remove unused disks
Idle VM recommender google.compute.instance.IdleResourceRecommender Remove unused VMs
Idle reservations recommender google.compute.IdleResourceRecommender Remove unused reservations
Managed instance group machine type recommender google.compute.instanceGroupManager.MachineTypeRecommender Right-size MIG machine types
VM machine type recommender google.compute.instance.MachineTypeRecommender Right-size VM machine types
Unattended project recommender google.resourcemanager.projectUtilization.Recommender Reclaim or remove unused projects