Managing our cloud expenditures can present a formidable challenge. The presence of multiple tiers and a diverse range of services further complicates the task. However, cost management is very important in building a well-architected cloud.
Azure provides a feature called Cost Management, which is the central place to monitor and govern our cloud expenditure.
The landing page of the Cost Analysis will give you a basic idea on your cloud cost. Additionally, it will show which categories to look after in order to control and govern your costs.
However, you can't drill down to each service to further analyze what products/services caused the expenditure. But, this is analysis is mandatory to implement the Cost Optimization pillar as per the Azure well-architected framework.
Fortunately, the Cost Analysis tool offers distinct dashboards tailored for examining expenses at the service level.
To access these dashboards, simply select the "Services" option from the Cost by Resource menu as shown in the diagram below.
Now you will be navigated to a different dashboard with interesting insights.
If you have multiple workloads originating from a particular service, you can expand that service to view the expenditure breakdown for each individual product or component.
Clicking on a specific service, such as Azure App Service, will navigate you to another dashboard. Notably, this dashboard provides a suggested monthly budget value to assist with financial planning.
With insights gleaned from the aforementioned dashboards, we can make informed decisions regarding our cloud expenditure. By creating tailored budgets for specific services and setting up alerts to notify us when these services are nearing predefined thresholds, we can effectively manage our spending and optimize resource utilization.
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