This article helps you understand and use Cost Management alerts to monitor your spending. When your consumption reaches a given threshold, alerts are generated by Cost Management.
You can easily setup the budget upon the alert scope. There are two main types of cost alerts:
- Business Unit: alerts are generated when business unit spending reaches of thread hold of the quota
- Account: alerts are generated when account spending reaches of thread hold of the quota
- Budget Dashboard = Total of max budgets for each cloud account
- The system will update automatically the budget value of each cloud account with one-hour interval. It might be take up 1 hour to update Budget on the Dashboard and the recipient would get notified if the Actual Cost > Threshold (eg. 80% Budget)
- Reset period: Budgets reset automatically at the end of a period (daily, monthly) for the same budget amount when you select an expiration date in the future. Because they reset with the same budget amount, you need to create separate budgets when budgeted currency amounts differ for future periods.
Budgets require at least one cost threshold (% of budget) and a corresponding email address. When a budget threshold is met, email notifications are normally sent within an hour of the evaluation. Actual or Forecasted costs budget alerts are generated for the actual cost you've accrued in relation to the budget thresholds configured.
Respond to alerts
When you receive an alert, check the current consumption data. Budget alerts aren't triggered in real time. There may be a delay between the alert and the current actual cost. Look for significant difference between cost values when the alert happened and the current cost. Next, conduct a cost review to discuss the cost trend, possible causes, and any required action.
View cost alerts
To view cost alerts, click the bell icon to get the Notification on the top right menu.