Cost Management

basic
financial

Definition

Tools and practices for monitoring, analyzing, and optimizing cloud spending to prevent budget overruns and identify cost-saving opportunities.

Real-World Example

Cost Management alerts you when your cloud bill exceeds $500 and suggests switching to cheaper storage options for old files.

Frequently Asked Questions

What is Cost Management?

Tools and practices for monitoring, analyzing, and optimizing cloud spending to prevent budget overruns and identify cost-saving opportunities.

How is Cost Management used in cloud computing?

Cost Management alerts you when your cloud bill exceeds $500 and suggests switching to cheaper storage options for old files.

What are related terms to Cost Management?

Related concepts include Budget Management, Cost Optimization, Cloud Economics. Understanding these connections helps build a comprehensive knowledge of cloud computing concepts.

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