Cost Management

Cost Composition

When using OCR services, costs mainly include two aspects:

• Resource costs: the cost of various resources and resource packages, which depends on the billed items of OCR services. For more details, see Billing Items.

While Huawei Cloud Cost Center can help you manage resource costs more efficiently, you need to identify, manage, and optimize operation and maintenance costs on your own.

Cost Allocation

The foundation of cost management is to establish a cost responsibility system, allowing each department, business team, and owner to participate and take responsibility for the costs incurred by their consumption of cloud services. Businesses can allocate cloud costs by grouping them and assigning them to specific teams or project businesses, enabling each responsible organization to understand their cost situation in a timely manner.

Huawei CloudCost Center supports cost allocation and redistribution through the following method:

• By linked account

  An enterprise master account can use associated accounts to collect the costs of member accounts and manage their finances. For details, see Viewing Costs by Linked Account.

Cost Analysis

To control and optimize costs, you need to understand which aspects of the organization generate costs. Cost Center supports the visualization of raw and amortized costs through the summary and filtering mechanism of cost analysis, enabling cost and usage trends and driving factors to be analyzed from various perspectives and scopes.

You can also use Cost Anomaly Detection provided by Cost Center to detect unplanned expenses in a timely manner, achieving cost visibility, analysis, and traceability.

For details, see Performing Cost Analysis to Explore Costs and Usage andPerforming Cost Analysis to Explore Costs and Usage.

Cost Optimization

• Cost control

  You can create finely-grained budgets on the Budgets page of the Cost Center to manage costs and usage. When actual or forecasted costs exceed the budget threshold, notifications are automatically sent to designated recipients. You can also create budget reports to periodically notify designated recipients of budget progress.

  For example, if you need to create a monthly cost budget for OCR with a monthly budget of 2,000 CNY and send a budget alert when the forecasted amount exceeds 80% of the budget amount, the budget created would be as follows:

  Figure 1 Basic budget information
  
  Figure 2 Budget scope
  
  Figure 3 Budget alerts
  

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

• Resource rightsizing

  Cost Center can provide you with suggestions for optimizing and utilizing idle resources for OCR services based on historical consumption and CPU usage monitoring, thereby identifying cost-saving opportunities. Additionally, you can identify resources with high costs during the cost analysis phase, monitor their usage through cloud monitoring services, determine the reasons for high costs, and take targeted optimization measures.

• Billing mode selection

  Different types of businesses have different requirements for resource usage cycles. Therefore, it is essential to determine the appropriate billing mode for each business type and flexibly combine them to achieve optimal results.

  • For long-term stable mature businesses, package billing mode is suitable.
  • Pay-per-use billing is suitable for short-term, unpredictable, or non-interruptible businesses.
• O&M automation

  Huawei Cloud provides various O&M products to help you improve operational efficiency and reduce labor costs. For example:

  • Auto Scaling: continuously maintains instance clusters across billing modes, AZs, and instance specifications, making it suitable for businesses with fluctuating workloads.
  • Auto Launch Group: allows for the deployment of stable computing power across billing modes, AZs, and instance specifications with the use of spot instances to reduce costs.
  • Resource Formation Service: enables the deployment and maintenance of resource stacks containing multiple cloud resources and dependencies, making it suitable for delivering entire systems and cloning environments.
  • O&M automation: defines a set of O&M tasks as services, making it suitable for timed, batch, and cross-regional O&M.