OCI Cost Analysis Report - How to Create Tag Namespace and Cost-Tracking Tags for generating Cost Analysis Report
(Doc ID 2952301.1)
Last updated on DECEMBER 14, 2023
Applies to:Oracle Cloud Infrastructure - Version N/A to N/A [Release 1.0]
Information in this document applies to any platform.
It is critical for organizations to have an overview of their spending, track the consumption, and get notifications if the budget or the forecast exceeds the budget amount to be spent.
Tags define keys and values and associate them with resources. Cost-tracking tags are tags that are passed to the billing system to allow you to filter bills and view usage by tag. An example for a cost-tracking tag is cost-center or a project. Every time you create a resource, you assign a cost-center or a project to it. Later on, you compare and track the usage and cost based on these tags. It is also possible to set up budgets and alerts based on resources grouped by tags.
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