Cloud Budget Management

Overview

You can manage your cloud budget using our spend projections. The HyperCloud™ Platform (HCP) monitors your cloud cost and performs data analysis on an ongoing basis. Most cloud providers let you manage your budgets and alert you when your budget thresholds exceed. However, managing the budget for individual cloud providers is a time consuming and error-prone process. The whole process is more complex because any user can create a resource on your cloud providers.

You can create a budget for multiple cloud accounts or projects, departments, and grants. You can view your budget projections visually.

HCP portal Budget Management enables organizations to configure and enforce budgets across multiple cloud accounts and cloud providers. HCP v6.8.0 is released with the following enhancements:

Create a Budget

To create a new budget:

1. Login to your HCP account.

2. Navigate to Governance & Security > Budget Management > New Budget.
   
   

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3. Enter a name for your Budget.

4. Enter your Budgeted amount.

   • The budgeted amount is for a month’s use of your cloud resources.

5. Enter the value for your Alert triggers.

   • You can set triggers for utilization of your budget and the moving average.

6. You can associate a budget with one or more:

   • Cloud accounts. Your cloud account could belong to the same or a different cloud provider.

   • Resource tag names are case sensitive.

     • Enter the Associated tags for a cloud resource to include it in your budget.

     • To add multiple cloud accounts to a budget, you’ll need to tag your cloud providers using the same resource tag.

   • Resource groups. Enter your resource group names to include a resource group in a budget.

7. Enter the Email IDs that will receive your budget alerts.

Budget Overview

If you created a budget, you’ll get a Budget Overview. You can view these details:

• Cloud accounts assigned to a budget

• Budgets that are over the Alert Threshold

• Overspent Budgets

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Update your Budget

If you created a budget, you can change your budget settings. You can make changes to your fund allocation and resource usage pattern.

To update a budget settings:

1. Login to your HCP account.

2. Navigate to Governance & Security > Budget Management > Click open your Budget from the Budgets Overview page > Click on Budget Settings on the left.
   
   

Budget Analysis and Projections

You can view the details of your budget via these data points from the Budget Analysis and Projections page:

• Budget amount

• Spending: cumulative spending to-date

• Moving Average: 5-day moving average for your budget spends

• Budget Projection: expected budget use till the end of month. These projections are based on your current budget usage.

To enable or disable a budget data point, click the legend for the same.

Budget Policies

The Budget Policies section is now moved to the Budget Management section. In order to see all budget related features at one place:

1. Login to your HCP account.

2. Navigate to the Governance & Security > Budget Management.

Budget Settings Layout

In this release, the Budget Settings layout has been enhanced as well. Budget Settings has been categorized into the following three sections:

• Filters

• Budget Settings

• Alerting

Filters

• New Customer/Tenant filter is added to aggregate all subscriptions and accounts under the said customer.

• New Services filter: You can select multiple services to be included in the budget.

Budget Settings

• You can now see a budget currency symbol with the Budget Amount.

• New Budget Cycle selection: You can create the budget for monthly, quarterly, yearly or matching account billing cycle periods.

• You can now select a budget Start Date. This is the first date of the budget evaluation period. Subsequent evaluation periods will begin on the same date of the month moving forward.

• You can now select budget Expiry Date. This is the date when the budget stops evaluating/alerting and becomes expired.