Obtaining Better Insights into Department's Usage

ACE.

As the manager responsible for managing the cost of OCI resources in a shared tenancy, you need to obtain better insights into department's usage to ensure that each department is using the resources efficiently and within the allocated budget. To accomplish this, you can implement the following three options together:

A. Create a budget that matches your commitment amount and an alert at 100 percent of the forecast.

Creating a budget allows you to set a limit on the amount of money each department can spend on OCI resources, and an alert can be set up to notify you when the usage reaches a certain threshold. By setting a budget and an alert, you can proactively manage the cost and ensure that each department is staying within the allocated budget.

B. Set up a tag default that automatically applies tags to all specified resources created in a compartment. Then use these tags for cost analysis.

Setting up a tag default can help you track the usage of OCI resources by department. By applying tags to all specified resources created in a compartment, you can easily identify which resources belong to which department. This allows you to perform a cost analysis by department, helping you to identify the areas where each department is spending the most.

C. Set up different compartments for each department. Then track and analyze cost per compartment.

Setting up different compartments for each department allows you to track and analyze the cost of OCI resources per compartment. By creating a separate compartment for each department, you can easily identify which compartment is responsible for which resources. This helps you to identify the areas where each department is spending the most and make necessary adjustments.

D. Use the billing cost tracking report to analyze costs.

The billing cost tracking report allows you to analyze the cost of OCI resources at a high level. This report provides a summary of the cost by service, compartment, and time period. While this option is useful, it does not provide detailed insights into the cost of OCI resources by department.

E. Set up a consolidated budget-tracking tags to analyze costs in a granular manner.

Setting up a consolidated budget-tracking tag allows you to analyze the cost of OCI resources in a granular manner. By consolidating budget-tracking tags, you can easily identify which resources belong to which department and perform a cost analysis by department. This helps you to identify the areas where each department is spending the most and make necessary adjustments.

In conclusion, by implementing options A, B, and C together, you can obtain better insights into department's usage of OCI resources and manage the cost effectively. Option D and E can be used in addition to these three options to further analyze and track the cost of OCI resources.