Describing Cost Management in Azure Flashcards
(32 cards)
What is the primary goal of cost management in Azure?
The primary goal of cost management in Azure is understanding and controlling where and how resources are being used and billed.
What is a potential consequence of unmonitored cloud expenses?
A potential consequence of unmonitored cloud expenses is significant unplanned costs.
Name three tools mentioned in the source that are available for cost management in Azure.
Three tools for cost management in Azure are Azure Cost Management and Billing, Azure Advisor, and Azure Budgets.
How is an Azure subscription defined in the context of cost management?
An Azure subscription is defined as an agreement with Microsoft enabling access to its cloud services, and it also serves as a boundary delineating resource usage, access, and billing.
What is the purpose of management groups in the Azure hierarchy regarding subscriptions?
Management groups help manage multiple subscriptions in the Azure hierarchy.
Name two pricing models or benefits mentioned that help conserve cost in Azure.
Two pricing models or benefits mentioned are reserved instances and the hybrid use benefit.
What are five factors that influence cost in Azure, as listed in the source?
Five factors that influence cost are location of resources, resource type, service tiers, the Azure hybrid benefit, and reserved instances.
What is the primary use of the Azure pricing calculator?
The primary use of the Azure pricing calculator is to estimate the cost of Azure resources and services.
What does the Azure Total Cost of Ownership (TCO) calculator help assess?
The Azure Total Cost of Ownership (TCO) calculator helps assess the financial cost of moving from a data center to Microsoft Azure and helps in making migration decisions.
How can effective tagging help with cost management in Azure?
Effective tagging helps with cost management by allowing for granular categorization, integration with Azure tools like Cost Management and Azure Policy, and enabling the identification and contact of resource owners for cost optimization.
What is Cost Management in Azure?
The process of understanding and controlling where and how resources are being used and billed in the Azure cloud.
What are Unmonitored Cloud Expenses?
Cloud costs that are not tracked or reviewed, potentially leading to unexpected and significant financial outlays.
What is Azure Cost Management and Billing?
A suite of features within Azure designed to provide information necessary for cost savings and reduction, including cost analysis, budgets, and alerting.
What is Azure Advisor?
An Azure tool that provides real-time recommendations, a holistic view of Azure spend, and tailored advice for effective cost management and allocation.
What is Azure Budgets?
A feature within Azure that allows users to set spending limits and receive alerts when those limits are approached or exceeded.
What is an Azure Subscription?
An agreement with Microsoft that enables access to its cloud services and serves as a boundary for resource usage, access, and billing. Every Azure service consumed is billed to its associated subscription.
What is an Azure Tenant?
A logical container representing an organization or individual that uses Azure services. Every Azure tenant is associated with at least one subscription.
What are Management Groups?
A level in the Azure hierarchy that allows for the management of multiple subscriptions, enabling centralized policy and access management.
What are Subscription Offers?
Different types of agreements available for Azure subscriptions that can be tailored to fit spending budgets and patterns.
What are Pricing Models?
Different ways Azure services are priced, including options designed to help conserve costs.
What are Reserved Instances?
A pricing model where users commit to using resources for a specific period (e.g., one or three years) in exchange for a significant discount.
What is Spot Instance Pricing?
A pricing model that allows users to utilize unused Azure compute capacity at a significantly reduced cost, with the understanding that the resources can be reclaimed with short notice.
What is the Azure Hybrid Benefit?
A licensing benefit that allows customers to leverage their existing on-premises Windows Server and SQL Server licenses with Software Assurance to reduce the cost of running virtual machines and databases in Azure.
What are Service Tiers?
Different levels of performance, features, and cost available for various Azure resources (e.g., VM sizes, database tiers, storage account types). Higher tiers generally cost more.
