Asset Library / FinOps Use Cases / Compare billed cost per subaccount to budget
Product wants to confirm charges are in line with expectations (budgets) for a business which has all its cost within a single subaccount. The ChargePeriod is used for filtering to capture items that apply to the period only (excludes adjustments from previous periods that were applied in the current BillingPeriod).
SELECT ProviderName, SubAccountId, SubAccountName, SUM(BilledCost) AS TotalBilledCost FROM focus_data_table WHERE ChargeCategory = 'Usage' AND ChargePeriodStart >= ? and ChargePeriodEnd <= ? AND ProviderName = ? AND SubAccountId = ? GROUP BY ProviderName, SubAccountId, SubAccountName
Measurement that assesses the variance or difference between the estimated or budgeted costs for using public cloud services and the actual costs incurred.
This metric helps organizations understand how closely their budget projections align with the real-world expenses associated with using cloud resources. Percent variance is recommended over measuring actual dollar amounts, although both measures may provide valuable insight. Organizations must decide what is considered an acceptable variance when defining the KPI.
((Budgeted CSP Cloud Spend – Actual CSP Cloud Spend) / Budgeted CSP Cloud Spend)
Data Sources:
Related Capabilities
The rate at which an organization is consuming or spending its allocated budget for cloud services from a CSP.
This rate provides insights into how quickly the organization is using up its budgeted funds for cloud resources and services. A higher burn rate indicates that the organization is consuming its budgeted cloud funds at a faster pace. This might be due to increased resource usage, additional projects, or unexpected costs. It can prompt the need for adjustments in resource allocation, optimization efforts, or budget reconsideration.
Lower Burn Rate: A lower burn rate suggests that the organization is spending its cloud budget at a slower pace than anticipated. This could mean that the allocated budget is sufficient, resources are being used efficiently, or cost-saving measures are effective.
Matching Burn Rate to Budget: If the burn rate closely matches the budget allocation over the specified time period, it indicates that the organization is on track with its spending plans.
Measure of success: Matching burn rate to budget.
(Actual Cloud Spending / Time Period)
Data Sources:
Related Capabilities
Product
Budgeting
