Cloud governance is basically a set of rules

To eliminate issues with costs and efficiency, you need to create a set of rules. These rules of cloud governance should consist of budgets for how much departments can spend, guidelines about what software, applications and programs departments can use, and policies for cloud security. Naturally the rules can be flexible, but there needs to be an approval process in place to prevent too much flexibility.

Cloud governance is a set of rules you create, monitor, and amend as necessary in order to control costs, improve efficiency, and eliminate security risks. There may be other areas of your cloud operations that require governance, but these will become apparent when you first start pulling together the components that will eventually form your rules of governance.