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 a global accelerator.

The following describes how to manage costs in terms of cost composition, allocation, analysis, and optimization. Optimizing costs can help you maximize return on investment.

Cost Composition

Global Accelerator costs consist of two parts:

Resource cost: how long you use each global accelerator and how much traffic you use for data transfer. For details, see Billing Items.
O&M cost: labor costs incurred during the use of global accelerators.

Cost Allocation

A good cost accountability system is a prerequisite for cost management. It ensures that departments, business teams, and owners are accountable for their respective cloud costs. An enterprise can allocate cloud costs to different teams or projects so that they have a clear picture of their respective costs.

Huawei Cloud Cost Center provides various tools for you to group your costs in different ways. You can experiment with different tools to find out which way works best for you.

By linked account
The enterprise master account can manage costs by grouping the costs of its member accounts by linked account. For details, see Viewing Costs by Linked Account.
By enterprise project
Before allocating costs, enable Enterprise Project Management Service (EPS) and plan your enterprise projects based on your organizational structure or service needs. When purchasing cloud resources, select an enterprise project so that the costs of the resources will be allocated to the selected enterprise project. For details, see Viewing Costs by Enterprise Project.

Cost Analysis

To precisely 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 and 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 provided by 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

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 $2,000 USD for pay-per-use global accelerators and expect to receive an alert if the forecasted amount exceeds 80% of the budget amount. You can refer to the following budget information.

Figure 1 Basic budget information