About Me
Oracle Cloud Infrastructure Developer 2020 Certified Associate
1 Oracle Cloud Infrastructure (OCI) Overview
1-1 Introduction to OCI
1-2 OCI Architecture
1-3 OCI Regions and Availability Domains
1-4 OCI Services Overview
2 Identity and Access Management (IAM)
2-1 Introduction to IAM
2-2 Users, Groups, and Policies
2-3 Compartments
2-4 Authentication and Authorization
2-5 Federation and Single Sign-On (SSO)
3 Compute Services
3-1 Introduction to Compute Services
3-2 Virtual Machines (VMs)
3-3 Bare Metal Instances
3-4 Instance Configurations and Launch Options
3-5 Autoscaling and Instance Pools
3-6 Management and Monitoring of Compute Instances
4 Networking Services
4-1 Introduction to Networking Services
4-2 Virtual Cloud Networks (VCNs)
4-3 Subnets and Security Lists
4-4 Route Tables and Internet Gateways
4-5 NAT Gateway and Service Gateway
4-6 Load Balancing and DNS Services
5 Storage Services
5-1 Introduction to Storage Services
5-2 Block Volume Storage
5-3 Object Storage
5-4 File Storage Service
5-5 Backup and Disaster Recovery
6 Database Services
6-1 Introduction to Database Services
6-2 Autonomous Database
6-3 Oracle Database Cloud Service
6-4 Exadata Cloud Service
6-5 Backup and Recovery
7 Resource Management
7-1 Introduction to Resource Management
7-2 Terraform and OCI Resource Manager
7-3 Resource Tags and Cost Management
7-4 Monitoring and Logging
8 Security and Compliance
8-1 Introduction to Security and Compliance
8-2 Key Management Service (KMS)
8-3 Vault Service
8-4 Security Zones
8-5 Compliance and Auditing
9 Application Development
9-1 Introduction to Application Development
9-2 Oracle Cloud Infrastructure Registry (OCIR)
9-3 Functions and API Gateway
9-4 Integration and Event Services
9-5 DevOps and CICD Pipelines
10 Monitoring and Management
10-1 Introduction to Monitoring and Management
10-2 Monitoring Services
10-3 Notifications and Alarms
10-4 Logging and Auditing
10-5 Service Limits and Quotas
11 Cost Management
11-1 Introduction to Cost Management
11-2 Cost Analysis and Reports
11-3 Budget Alerts and Notifications
11-4 Reserved Instances and Savings Plans
12 Advanced Topics
12-1 Introduction to Advanced Topics
12-2 Hybrid Cloud and Interconnect
12-3 Data Transfer and Migration
12-4 Edge Services and Content Delivery Network (CDN)
12-5 Machine Learning and AI Services
11 Cost Management Explained

11 Cost Management Explained

Key Concepts

Understanding Cost Management in Oracle Cloud Infrastructure (OCI) involves grasping the following key concepts:

Cost Tracking

Cost Tracking in OCI involves monitoring and recording the expenses associated with your cloud resources. This includes compute, storage, networking, and other services. Accurate tracking helps in understanding where your money is being spent.

Example: Think of Cost Tracking as a financial ledger. Just as a ledger records all financial transactions, Cost Tracking records all expenses related to your cloud resources.

Cost Analysis

Cost Analysis in OCI involves examining the tracked costs to identify trends, patterns, and areas where costs can be reduced. This analysis helps in making informed decisions about resource allocation and usage.

Example: Consider Cost Analysis as a financial report. Just as a report provides insights into financial performance, Cost Analysis provides insights into your cloud spending, helping you identify areas for improvement.

Cost Optimization

Cost Optimization in OCI involves implementing strategies to reduce unnecessary expenses and maximize the value of your cloud resources. This includes right-sizing instances, using reserved instances, and leveraging spot instances.

Example: Think of Cost Optimization as a budget-friendly shopping strategy. Just as you look for deals and discounts, Cost Optimization helps you find ways to reduce your cloud expenses without compromising performance.

Budgets and Alerts

Budgets and Alerts in OCI allow you to set spending limits and receive notifications when your costs approach or exceed those limits. This helps in managing and controlling your cloud expenses.

Example: Consider Budgets and Alerts as a budget planner and alarm clock. Just as a budget planner helps manage your personal finances and an alarm clock alerts you to wake up, Budgets and Alerts help manage and control your cloud spending.

Tagging and Cost Allocation

Tagging and Cost Allocation in OCI involve assigning metadata to your cloud resources, making it easier to organize and manage them. Tags can be used for cost allocation, access control, and resource tracking.

Example: Think of Tagging and Cost Allocation as labels on file folders. Just as labels help organize files, tags help organize and manage your cloud resources, making it easier to allocate costs and track usage.

Reserved Instances

Reserved Instances in OCI allow you to reserve compute capacity for a specified term, typically one or three years, in exchange for significant discounts compared to on-demand pricing. This is ideal for workloads with predictable usage.

Example: Consider Reserved Instances as a long-term lease on an apartment. Just as a long-term lease provides discounted rent, Reserved Instances provide discounted compute capacity for predictable workloads.

Spot Instances

Spot Instances in OCI allow you to bid on unused compute capacity at significantly reduced prices. These instances can be interrupted if the demand for resources increases, making them suitable for fault-tolerant workloads.

Example: Think of Spot Instances as a clearance sale. Just as clearance sales offer discounted items, Spot Instances offer discounted compute capacity, making them ideal for flexible workloads.

Cost Reports

Cost Reports in OCI provide detailed information about your cloud spending. These reports can be customized to include specific metrics, time periods, and resource types, helping you understand and manage your costs.

Example: Consider Cost Reports as financial statements. Just as financial statements provide detailed information about your finances, Cost Reports provide detailed information about your cloud spending, helping you make informed decisions.

Cost Governance

Cost Governance in OCI involves establishing policies and procedures to manage and control cloud spending. This includes setting budgets, monitoring usage, and enforcing cost-saving measures.

Example: Think of Cost Governance as financial regulations. Just as regulations govern financial activities, Cost Governance establishes rules and guidelines to manage and control your cloud spending.

Cost Monitoring Dashboards

Cost Monitoring Dashboards in OCI provide visual representations of your cloud spending. These dashboards help you monitor trends, identify issues, and make informed decisions about your cloud resources.

Example: Consider Cost Monitoring Dashboards as a control room of a spaceship. Just as the control room provides real-time data on the spaceship's status, Cost Monitoring Dashboards provide real-time data on your cloud spending, helping you stay informed and make timely decisions.

By understanding and leveraging these Cost Management concepts, you can effectively manage and optimize your Oracle Cloud Infrastructure expenses.

© 2024 Ahmed Baheeg Khorshid. All rights reserved.