Cloud Cost Management

Cloud Cost Management aka ‘FinOps‘, is a set of practices that combines financial accountability with cloud technology’s agility.

Microsoft offers a comprehensive set of practices and tools for managing and optimizing your Cloud costs, with Quick Ways to reduce these costs.

• Monitor and analyze your Azure bill with Microsoft Cost Management, a suite of tools that help organizations monitor, allocate, and optimize the cost of their Microsoft Cloud workloads.
• Estimate the costs for your next Azure projects using the Azure pricing calculator and the Total Cost of Ownership (TCO) calculator.
• Successfully build your cloud business case with key financial and technical guidance from Azure.

Cost optimize your workloads

• Follow your Azure Advisor best practice recommendations for cost savings. Optimize Operating Costs with Cloud Economics in Azure.
• Review your workload architecture for cost optimization using the Microsoft Azure Well-Architected Review assessment and the Microsoft Azure Well-Architected Framework design documentation.
• Save with Azure offers and licensing terms such as the Azure Hybrid Benefit, paying in advance for predictable workloads with reservations, Azure Spot Virtual Machines, Azure savings plan for compute, and Azure dev/test pricing.

Control your costs

• Mitigate cloud spending risks by implementing cost management governance best practices at your company using the Microsoft Cloud Adoption Framework for Azure.
• Implement cost controls and guardrails for your environment with Azure Policy.