Confirming Your Cost Allocation Method

Before you start managing costs, confirm your cost allocation method. The chosen cost allocation method helps map Huawei Cloud expenditures onto your organizational structure, including financial and business units, and various applications. This makes it easier to track costs and gain invisibility to your costs.

There are several ways to allocate cost data in Cost Center: Organization Management, Cost Tags, Enterprise Project Management, and Cost Categories. The cost data will be used by a range of Cost Center tools, including those designed for cost analysis and budget management.

You are advised to plan and activate cost tags as early as possible because they take effect only for cost data generated after tag activation.