Confirming Your Cost Allocation Method

Before you start using cost management functions, confirm your cost allocation method. Your cost allocation method should reflect a mapping of Huawei Cloud expenditures onto an internal hierarchy within your enterprise, including the different financial and business units, and various applications. This facilitates your cost tracking and makes your cost data easier to understand.

There are several ways to allocate cost data in Cost Center: Organization Management, Cost Tags, and Enterprise Project Management. The cost data will be used by a range of Cost Center tools, including those designed for cost analysis and budget management.

You are advised to plan and activate cost tags as early as possible because they take effect only for cost data generated after tag activation.