You have recently joined a startup company and quickly find that nobody is tracking the amount of money spent on Oracle Cloud Infrastructure (OCI)
Seeing an opportunity to help save money you begin creating a solution to better track the cost of resources provisioned by each individual on the team.
Which option allows you to identify excessive spend across all resources in your tenancy? (Choose the best answer.)
Click on the arrows to vote for the correct answer
A. B. C. D.D.
https://blogs.oracle.com/cloud-infrastructure/how-to-get-control-of-your-spending-in-oracle-cloud-infrastructureThe best answer for identifying excessive spend across all resources in your tenancy is D. Create a budget for each compartment that will send a notification when monthly spend reaches a pre-defined amount.
Explanation:
Option A, which involves using the Python SDK to write a custom application that will monitor the Audit log, can help track newly created resources but does not provide information on excessive spend across all resources in your tenancy.
Option B, creating a tag namespace named BILLING with a Tag Key named CostCenter and tagging each resource with the correct value, can help in tracking costs by grouping resources together based on their Cost Center tag. However, it does not provide a way to identify excessive spending across all resources in your tenancy.
Option C, using the Events Service and creating rules that will act when a new Object Storage bucket or Compute Instance has been created, and having the rule email you each time one of these events occurs, can help in tracking newly created resources. However, it does not provide a way to identify excessive spending across all resources in your tenancy.
Option D, creating a budget for each compartment that will send a notification when monthly spend reaches a pre-defined amount, is the best answer. This option helps track the overall spending across all resources in your tenancy, not just newly created ones. A budget can be set for each compartment, and when the spending threshold is reached, a notification is sent to the specified email addresses, allowing you to take appropriate actions to reduce costs.
In summary, option D provides a comprehensive solution for identifying excessive spend across all resources in your tenancy. Creating budgets for each compartment allows you to set spending thresholds and receive notifications when the threshold is reached, allowing you to take necessary actions to reduce costs.