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Introduction to Budgets in Microsoft Azure Cost Management

By the end of this project, you will create Budgets in Azure Cost management scoped to both Subscriptions and Resource Groups. You will also create a budget using an Azure Resource Manager (ARM) template and examine Cost Analysis and Alerts.

An Azure account will be required to complete the tasks within this project and the steps required to create an account are detailed at the outset of the project.

It should be noted that dependent on your new or existing Azure subscription that some features that will be enabled during this project are dependent on Azure making these features available in the Portal once activated. This may require that the project be paused as features such as Cost Analysis will not become available immediately.

If you enjoy this project, we'd recommend exploring the Microsoft Azure Fundamentals AZ-900 Exam Prep Specialization: https://www.coursera.org/specializations/microsoft-azure-fundamentals-az-900

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What's inside

Syllabus

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Read about what's good

what should give you pause

and possible dealbreakers

Covers real world application of skills

Good fit for Azure users

Requires an Azure account

Industry recognized instructors

Teaches budgeting for Azure projects

Practical, hand-on project

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Reviews summary

Azure cost management: budgets & arm

Learners say this course provides a clear and concise introduction to Microsoft Azure Cost Management, particularly focusing on creating budgets and utilizing Azure Resource Manager (ARM) templates. Students consistently appreciate the practical, hands-on labs and the immediate real-world applicability of the concepts taught. However, a frequently mentioned challenge is the occasional inconsistency or delay in Azure portal feature availability, which can sometimes interrupt the learning flow. Some learners also noted that while it's an introductory course, some prior familiarity with Azure is beneficial for an optimal learning experience.

Offers valuable hands-on experience in Azure.

"The hands-on exercises were particularly helpful. Highly recommend for anyone looking to get a grip on Azure cost management."

"The labs were useful for applying what I learned."

"I appreciated the step-by-step guidance in setting up budgets. It's good to actually create budgets rather than just reading about them."

Provides clear, effective explanations of key concepts.

"The instructor explains the concepts very clearly, and the step-by-step guides for creating budgets are easy to follow."

"Excellent and concise project! It delivers exactly what it promises."

"The explanations are crisp, and the practical demonstrations make it easy to apply. I particularly liked the focus on real-world scenarios."

Benefits learners with some prior Azure knowledge.

"I already had some Azure experience, so I found the pace just right."

"I found this course difficult to follow without prior Azure knowledge. The 'introduction' part felt a bit too advanced for someone with zero background."

"If you're completely new to Azure, you might need more background to get the most out of this course."

Users encountered delays or inconsistencies with Azure portal features.

"I did encounter some delays with the 'Cost Analysis' feature becoming available in my portal, as mentioned in the course description, which paused my progress a bit."

"I struggled with the hands-on labs because my Azure trial account had some limitations or features that weren't immediately enabled."

"My only minor gripe was that some of the screenshots in the course didn't exactly match my Azure portal interface, but it was easy enough to figure out."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Introduction to Budgets in Microsoft Azure Cost Management with these activities:

Review: Fundamentals of Financial Management

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Refreshes your knowledge of financial management concepts, providing a strong foundation for understanding budgeting and cost optimization.

Browse courses on Financial Management

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Review key concepts in financial management, such as budgeting, cost-benefit analysis, and financial planning.
Consider taking an online course or reading articles to enhance your understanding.

Practice: Cloud Cost Optimization Techniques

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Refines your skills in cloud cost optimization, enabling you to identify and implement strategies to reduce cloud expenses effectively.

Browse courses on Cloud Cost Optimization

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Experiment with different cloud pricing models and choose the most cost-effective options.
Implement cost-saving measures, such as rightsizing resources and leveraging discounts.
Analyze your cost data and identify areas for further optimization.

Create a Budgeting Plan Template

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Provides a hands-on approach to understanding budgeting concepts and strengthens your ability to create and manage budgets effectively.

Browse courses on Budgeting

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Establish your project goals and objectives.
Gather and analyze data related to your organization's spending.
Identify and prioritize areas where budgeting can improve financial performance.

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Walkthrough: Azure Cost Management Hands-on Labs

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Provides a guided and hands-on experience to explore Azure Cost Management's features, reinforcing your understanding through practical application.

Browse courses on Azure Cost Management

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Register for the Azure Cost Management Hands-on Labs.
Work through the lab exercises, following the instructions carefully.
Implement the concepts learned in your own Azure environment.

Collaborative Budget Review and Feedback

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Encourages critical thinking and peer learning by having you review and provide feedback on budgets created by other participants.

Browse courses on Budgeting

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Join a study group or connect with other learners.
Share your budget plans and receive feedback on areas for improvement.
Incorporate the feedback to refine and strengthen your budgeting strategies.

Cost Analysis and Alert Configuration Practice

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Reinforces your understanding of cost analysis and alert configuration, enabling you to effectively monitor and manage cloud costs.

Browse courses on Cost Analysis

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Create sample budgets with different scenarios.
Set up cost alerts based on specific criteria.
Monitor your budgets and alerts regularly to identify potential issues.

Develop a Budget Proposal for a Business Case

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Applies your knowledge by creating a comprehensive budget proposal, showcasing your abilities in financial planning and cost management.

Browse courses on Budgeting

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Define the project or initiative for which you're developing the budget.
Analyze the financial requirements and estimate the costs involved.
Present your budget proposal to stakeholders, justifying your recommendations and addressing potential concerns.

Contribute to Open Source Cost Management Projects

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Provides valuable experience in working with real-world cost management tools, expanding your knowledge and contributing to the community.

Browse courses on Open Source

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Identify open source cost management projects, such as open-cost or cloud-custodian.
Explore the project's documentation and codebase.
Contribute to the project by submitting bug reports, feature requests, or code improvements.

Career center

Learners who complete Introduction to Budgets in Microsoft Azure Cost Management will develop knowledge and skills that may be useful to these careers:

Cost Analyst

A Cost Analyst studies the budgets of an organization and recommends ways to save money. They may also be tasked with creating budgets in Microsoft Azure Cost Management. This course can help Cost Analysts learn how to create budgets in Azure Cost management scoped to both Subscriptions and Resource Groups. The course also covers how to create a budget using an Azure Resource Manager (ARM) template and examine Cost Analysis and Alerts.

See salaries and explore the career path for Cost Analyst

Financial Analyst

A Financial Analyst provides support to the executive team by analyzing a company's financial performance, forecasting future financial performance, and making recommendations on how to improve the company's financial health. This course can help Financial Analysts learn how to create budgets in Azure Cost Management, which can help them better understand a company's financial performance and make more informed recommendations.

See salaries and explore the career path for Financial Analyst

Project Manager

A Project Manager is responsible for planning, executing, and closing out projects. This course can help Project Managers learn how to create budgets in Azure Cost Management, which can help them better understand and manage the financial aspects of their projects.

See salaries and explore the career path for Project Manager

Business Analyst

A Business Analyst is responsible for analyzing and improving business processes. This course can help Business Analysts learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their proposed changes and make more informed recommendations.

See salaries and explore the career path for Business Analyst

IT Auditor

An IT Auditor is responsible for assessing the security and efficiency of an organization's IT systems. This course can help IT Auditors learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their audits and make more informed recommendations.

See salaries and explore the career path for IT Auditor

Data Analyst

A Data Analyst is responsible for collecting, cleaning, and analyzing data to identify trends and patterns. This course can help Data Analysts learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their data analysis and make more informed recommendations.

See salaries and explore the career path for Data Analyst

Software Engineer

A Software Engineer is responsible for designing, developing, and testing software systems. This course can help Software Engineers learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their software development projects and make more informed decisions.

See salaries and explore the career path for Software Engineer

Cloud Architect

A Cloud Architect is responsible for designing and implementing cloud computing solutions. This course can help Cloud Architects learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their cloud deployments and make more informed decisions.

See salaries and explore the career path for Cloud Architect

DevOps Engineer

A DevOps Engineer is responsible for bridging the gap between development and operations teams. This course can help DevOps Engineers learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their DevOps projects and make more informed decisions.

See salaries and explore the career path for DevOps Engineer

IT Manager

An IT Manager is responsible for overseeing the IT department of an organization. This course can help IT Managers learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their IT operations and make more informed decisions.

See salaries and explore the career path for IT Manager

Financial Manager

A Financial Manager is responsible for overseeing the financial operations of an organization. This course can help Financial Managers learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their financial operations and make more informed decisions.

See salaries and explore the career path for Financial Manager

Accountant

An Accountant is responsible for recording and reporting financial transactions. This course can help Accountants learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their accounting transactions and make more informed decisions.

See salaries and explore the career path for Accountant

Budget Analyst

A Budget Analyst is responsible for creating and managing budgets. This course can help Budget Analysts learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their budgets and make more informed decisions.

See salaries and explore the career path for Budget Analyst

Procurement Manager

A Procurement Manager is responsible for overseeing the procurement of goods and services for an organization. This course can help Procurement Managers learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their procurement activities and make more informed decisions.

See salaries and explore the career path for Procurement Manager

Risk Manager

A Risk Manager is responsible for identifying and managing risks. This course can help Risk Managers learn how to create budgets in Azure Cost Management, which can help them better understand the financial implications of their risk management activities and make more informed decisions.

See salaries and explore the career path for Risk Manager

Reading list

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