Cost Management

Cost Composition

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 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.

• 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.

• By cost tag

  You can use tags to sort your Huawei Cloud resources in a variety of different ways, for example, by purpose, owner, or environment. The following is the process of managing costs by predefined tags (recommended).

  

  Figure 1 Adding a tag to a cloud server
  

  For details, see Viewing Costs by Cost Tag.

• 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 directly attributable to a singular owner, and hence cannot be categorized into a singular cost category. 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 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. 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. If the budget thresholds you defined are reached, Cost Center will send alerts to the recipients you configured. You can also create budget reports and specify recipients to receive budget alerts if any at a frequency you configured.

  Suppose you want to create a monthly budget of CNY2000 for a pay-per-use cloud server and expect to receive an alert if the forecasted amount exceeds 80% of the budgeted amount. You can refer to the following budget information.

  Figure 2 Basic budget information
  
  Figure 3 Budget scope
  
  Figure 4 Budget alerts
  

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