Cost management tools

Understanding Microsoft Azure Management and Governance

Maarten Van den Broeck

Senior Content Developer at DataCamp

Cost management tools overview

Tool	Use
Pricing Calculator	Estimate costs of a specific resource configuration in Azure
TCO Calculator	Compare the total cost of on-premises infrastructure with the same configuration in Azure Cloud
Cost Management	Provides users with insights and controls to monitor, analyze, and optimize costs

Pricing Calculator

Used to estimate costs of a specific resource configuration in Azure

Freely available
Estimates costs of individual resources or services or a specific combination
Template scenarios: e.g., big data analytics set-up

Pricing Calculator

TCO calculator

Compare the total cost of on-premises infrastructure with the same configuration in Azure Cloud

TCO = total cost of ownership including hidden costs like operating costs
Freely available
Used to support migration to Azure

TCO Calculator

Cost Management

Central hub in Azure for all things cost-related

Set up budgets and cost alerts
Manage billing options and invoices
API for exporting cost details to external systems
Analyze costs with Cost Analysis tool

Cost Management in Azure

Cost Management: Cost Analysis tool

Tool for ad-hoc cost exploration
Custom visualization and filters
Cost forecasts
For more advanced analysis: connect to Power BI

Cost Analysis tool in Azure

Example use case: costs of a virtual machine (cont.)

For your data project, you create a new VM in Azure, balancing the requirements for the project with budget limits

Pricing calculator: estimate VM and other resource costs beforehand
Cost per month is given when creating the VM and choosing its size
Monitor costs and usage in Cost Management

GIF of calculating costs of a VM in the Pricing Calculator

Let's practice!

Understanding Microsoft Azure Management and Governance

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