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Brendan McKeown

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.

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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

Introduction to Budgets in Microsoft Azure Cost Management
2

Good to know

Know what's good
, what to watch for
, 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

Cost management with microsoft

According to students, Microsoft Cost Management is an introduction to budgets in Microsoft Azure that has positives and negatives. Learners say that platform and project guidance are helpful, while the course is underwhelming.
Students recommend this course for its guidance on Microsoft's platform.
"Not that great, but the platform and the way the project is guided is 10/10"
Learners found the course underwhelming and lacking in content.
"Not that great, but the platform and the way the project is guided is 10/10"

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
Refreshes your knowledge of financial management concepts, providing a strong foundation for understanding budgeting and cost optimization.
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Show steps
  • 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
Refines your skills in cloud cost optimization, enabling you to identify and implement strategies to reduce cloud expenses effectively.
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Show steps
  • 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
Provides a hands-on approach to understanding budgeting concepts and strengthens your ability to create and manage budgets effectively.
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Show steps
  • 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.
Five other activities
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Show all eight activities
Walkthrough: Azure Cost Management Hands-on Labs
Provides a guided and hands-on experience to explore Azure Cost Management's features, reinforcing your understanding through practical application.
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Show steps
  • 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
Encourages critical thinking and peer learning by having you review and provide feedback on budgets created by other participants.
Browse courses on Budgeting
Show steps
  • 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
Reinforces your understanding of cost analysis and alert configuration, enabling you to effectively monitor and manage cloud costs.
Browse courses on Cost Analysis
Show steps
  • 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
Applies your knowledge by creating a comprehensive budget proposal, showcasing your abilities in financial planning and cost management.
Browse courses on Budgeting
Show steps
  • 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
Provides valuable experience in working with real-world cost management tools, expanding your knowledge and contributing to the community.
Browse courses on Open Source
Show steps
  • 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Introduction to Budgets in Microsoft Azure Cost Management.
Provides a fictionalized account of the challenges and benefits of DevOps, and how it can help businesses improve their IT operations.
Provides a comprehensive overview of the Lean and DevOps methodologies, and how they can be used to improve the performance of software development and operations teams.
Provides a comprehensive overview of the principles and practices of site reliability engineering, and how they can be used to improve the reliability and availability of cloud applications.
Provides a comprehensive overview of the DevOps methodology, and how it can be used to improve the performance of software development and operations teams.
Provides a comprehensive overview of cloud security, including best practices for securing cloud applications and data.
Provides a beginner-friendly introduction to cloud computing, including its benefits and challenges.
Provides a practical overview of cloud computing, including best practices for deploying and managing cloud applications.
Provides a hands-on overview of cloud computing, including step-by-step instructions for deploying and managing cloud applications.

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