Help Center> Cloud Certificate Manager> Billing> Cost Management
Updated on 2023-09-27 GMT+08:00
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Cost Management

As you migrate more of your services to the cloud, managing cloud costs becomes more important. For example, you may be more concerned with cost management when using CCM. The following describes how to manage costs in terms of cost composition, allocation, analysis, and optimization. Optimizing costs cn help you maximize return on investment.

Cost Composition

The costs of using CCM depend on the service edition and resource packages you use. Billing items are different for each edition. For details, see Billing Items.

Huawei Cloud Cost Center helps you manage resource costs with ease. However, you need to identify, manage, and optimize O&M costs by yourself.

Cost Allocation

A good cost accountability system is the basis of cloud financial 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 provides multiple tools for cost collection and reallocation.

  • 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.

    Figure 1 Enterprise Project

Cost Analysis

To accurately control and optimize your costs, you need a clear understanding of what parts of your enterprise incurred different costs. Cost Center visualizes your original costs or amortized costs using various dimensions and display filters for cost analysis so that you can analyze the trends and drivers of your service usage and costs from a variety of perspectives or within different defined scopes.

You can also use Cost Anomaly Detection in Cost Center to detect unexpected expenses in a timely manner. In this way, costs can be monitored, analyzed, and traced.

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 we will periodically generate and send to the recipients you configured on a schedule you set.

    For example, an enterprise needs to create a monthly cost budget for PCA in CCM. The monthly budget is ¥20,000. The system should send an alarm when the forecast amount is greater than 80% of the budget amount. Then, the created budget is as follows:

    Figure 2 Basic budget information
    Figure 3 Budget Scope
    Figure 4 Alert Thresholds

    For details, see Enabling Forecasting and Creating Budgets to Track Cost and Usage.

  • Resource optimization

    You can identify resources with high costs based on the results of Cost Center and take optimization measures accordingly.

    Beyond that, you can detect idle resources to avoid waste. For example, a certificate has been purchased but not applied for, or has been issued but not used.