Cloud usage costs may surge beyond the allocated budget for various reasons like provisioning oversize resources, forgotten resources, orphan resources, etc. These unwanted resources will ramp up the usage cost, which we can’t recover these metered costs, which impacts project execution, deliverables and creates funding chaos.
These Runaway spending has become one of the most common concerns to accelerate cloud adoption across agencies and the commercial sector. Cloud budget management is an essential component of any cloud operations, which requires expertise, process, and tools to throttle Cloud spending. The need to track and control the Cloud usage costs on each project development stage and operation maintenance is crucial to stay within the allocated budget.