Create budgets
You can create a new budget either from scratch, or based on an existing one. Creating budgets in the DoiT Console does not cap your cloud spend but allows you to track it and get notified when it exceeds the defined thresholds.
Required Permissions: Attributions Manager, Budgets Manager, Cloud Analytics
Create a budget
To create a new budget from scratch:
Select Governance from the top navigation bar, and then select Budgets.
Select + New budget in the upper-right corner on the Budgets screen.
To make a copy of an existing budget:
If you are on the main Budgets screen:
Locate the budget of interest.
Select the three vertical dots menu (⋮) at the rightmost end of the budget entry.
Select Duplicate.
If you are viewing a specific budget, select the Clone budget icon to the right of the budget name.
Once you created or copied a budget, enter a name for it, you can also use the file icon at the rightmost end of the text field to provide a description for the budget.
The configuration of a budget consists of two parts:
Configure the budget
The main components of a budget include: budget scope, budget type, and budget amount.
Set budget scope
The budget scope is defined by attributions.
To set the budget scope:
From the drop-down list, select the attributions to which the new budget will be allocated.
If the scope of your budget is not defined by any existing attribution, you can click the Create new attribution link immediately beneath the Budget scope field to create a new attribution. However, for advanced options such as filtering dimension values, you need to go to the main Attributions screen under Analytics.
Once you set the budget scope, a Refresh button will become available.
Select budget type
From the drop-down list, select the budget type.
Recurring: A recurring budget restarts periodically.
Fixed: A fixed budget is a one-time budget.
Provide information specific to the selected type.
For a recurring budget, specify its Time interval (Daily, Weekly, Monthly, Quarterly, or Yearly) and Start date.
NoteDue to the billing data latency, if you choose Daily as the time interval, the budget preview chart will include the cost up to the previous day, not the current day.
For a fixed budget, specify the Start date and the End date.
The budget metric is Cost. You can't change it to other metrics.
Set budget amount
The budget amount is the upper limit of the budget.
To set the budget amount:
Make sure you choose the correct currency.
If you want a reference point, select the Refresh button to populate the actual cost for the same scope during the last period into the Last period cost information box.
For a fixed budget, enter the budget amount. Note that you can't use decimals in the budget amount.
For a recurring budget, there are two more options:
Set recurring period budget based on the last period cost: The subsequent periods will adopt the cost of the last period rounded to the nearest dollar (or other currencies you choose for the budget).
Allow growth in recurring budget periods: If you choose this option to factor in expected growth in spending, you need to specify a uniform growth percentage for the subsequent periods.
Spend progress and budget preview
After setting the budget amount, you'll see two progress bars:
Current Spend: Your current spend relative to alert thresholds (next section) you've set.
Forecasted Spend: How much you are forecasted to spend by the end of the budget period.
The colors used in the progress bar blocks indicate the three alert thresholds.
The budget preview chart includes a ML forecast for future spend. You can switch between the Stacked Column view and the Table view.
Configure budget alerts
After setting the budget amount, you can adjust the budget alert thresholds and configure alerts notifications to get informed when your actual spend exceeds a threshold.
Set alert thresholds
For each budget, you can set up to three alert thresholds. By default, the thresholds are set at 50%, 85%, and 100% of the budget amount. You can adjust both the percentage and the threshold amount. When you change one of them, the other will be updated automatically.
You can also select the Refresh button to see when your spend is forecasted to reach each threshold.
Manage alert notifications
You always receive alert notification emails for budgets created by you (unless you manually remove yourself from the list of recipients).
You can also add others as recipients of the alert notification emails, or send the alerts to Slack channels.
Send alerts email
To send the alerts email to other team members, enter their email in the Send alerts to field. If the intended recipients do not have sufficient permissions, you'll be prompted to Share budgets with them first.
The alerts email includes the following information:
The alert threshold (amount and percentage) that has been exceeded
Your current spend amount and its percentage in the budget
The date when you're forecasted to reach 100% of the budget
You can select the View Budget Details button to open the budget in the DoiT Console.
Send slack alerts
Depending on your Slack setup, you'll see different options from the drop-down list:
Shared DoiT Slack channel: This option is available if your organization has created a shared Slack channel with DoiT.
workspace channels: Public channels in your workspace. This option is available if your workspace has installed the DoiT app for Slack.
The two options are independent of each other.
Alerts sent to slack channels include the following information:
Budget type and period if applicable
The alert threshold (amount and percentage) that has been exceeded
Your current spend amount and its percentage in the budget
The date when you're forecasted to reach 100% of the budget
The progress bar of Forecasted Spend
You can select the Open Budget in DoiT Console button to view the budget details in the DoiT Console.