Cost Management

Cost Composition

BCS incurs two types of costs:

• Resource cost: cost of various types of resources (billing items of BCS). For details, see the section 3 "Billing Items".
• O&M cost: labor cost generated during the use of BCS.

Cost Allocation

A good cost accountability system is the basis of cost management. It ensures that departments, business teams, and owners are accountable for their respective cloud costs. Allocate costs to different teams or projects so that organizations have a clear picture of their respective costs.

Huawei Cloud Cost Center supports cost collection and reallocation with multiple tools for you to choose from.

• Allocate costs by linked account.

  The enterprise master account can categorize the costs of its member accounts by linked account to manage the accounting of those member accounts. For details, see Viewing Costs by Linked Account.

• Allocate costs by enterprise project.

  Before allocating costs, enable Enterprise Project Management Service (EPS) and plan your enterprise projects based on your organizational structure or businesses. Select an enterprise project for a newly purchased cloud resource so that the costs of that resource will be allocated to the selected enterprise project. For details, see Viewing Costs by Enterprise Project.

• Allocate costs by cost tag.

  Huawei Cloud assigns tags to your cloud resources so they can be sorted in different ways, for example, by purpose, owner, or environment. These are the four steps for managing costs by predefined tags.

  

For details, see Viewing Costs by Cost Tag.

• Allocate costs by cost category.

  You can use Cost Categories provided by Cost Center to split shared costs. Shared costs include the costs for the resources (compute network, storage, or resource packages) shared across departments or the costs that cannot be directly split by cost tag or enterprise project configured for the resources. These costs are not attributable to one owner, and hence cannot be categorized as a whole. In this case, you can define cost splitting rules to fairly allocate these costs among teams or business units. For details, see Viewing Cost By Cost Category.

Cost Analysis

To precisely control and optimize your costs, you need a clear understanding of what parts of your enterprise incur costs. Cost Center visualizes your original costs or amortized costs using various dimensions and display filters. You can analyze the trends and drivers of your service usage and costs from a variety of perspectives and scopes.

Cost Anomaly Detection provided by Cost Center also detects unexpected expenses promptly for tracing, monitoring, and analysis.

For details, see Performing Cost Analysis to Explore Costs and Usage and Enabling Cost Anomaly Detection to Identify Anomalies.

Cost Optimization

• Cost control

  You can create different types of budgets on the Budgets page of Cost Center to track your costs against the budgeted amount you specified and send alerts to the recipients you configured if the thresholds you defined are reached. You can also create budget reports and specify recipients to receive budget alerts at a specified interval. For details, see Enabling Forecasting and Creating Budgets to Track Cost and Usage.

• Resource rightsizing

  You can monitor resource usage in Cost Center to evaluate whether your configurations are too high. You can also identify resources with high costs based on the evaluation results, use Cloud Eye to monitor resource usage, determine the causes of high costs, and take measures accordingly.

• Billing mode selection

  Different types of services have different requirements on resource usage periods and therefore require different billing modes to achieve the optimal outcome.

  • For mature services that are stable for a long time, use the yearly/monthly billing mode.
  • For short-term, unpredictable services that experience traffic bursts and cannot be interrupted, use pay-per-use billing.