Effective cost management is crucial, especially when working with limited grant budgets or institutional funding. Azure provides tools to monitor, analyse, and control your spending.
Understanding cost patterns and setting up proper budgets and alerts can help prevent unexpected charges and allow you to allocate resources more efficiently across your research projects.
Monitor your spending patterns across different services, resource groups, and time periods. Azure Cost Analysis provides detailed breakdowns to help identify cost drivers in your research projects.
Set up budgets aligned with your grant funding or project timelines. Azure Budgets allow you to track spending against predefined limits and receive alerts before exceeding thresholds.
Configure automatic notifications when spending approaches or exceeds budget limits. Set up multiple alert thresholds (e.g., 50%, 80%, 100%) to provide early warnings and prevent budget overruns during intensive computational tasks.
Apply consistent tags to resources for cost allocation by project, department, or funding source. This enables detailed cost tracking and reporting for grant management and institutional accountability.
Set up multiple budget scopes: one for your overall subscription, individual budgets for each research project, and specific budgets for high-cost services like GPU compute instances. This layered approach provides comprehensive cost control and helps prevent any single experiment from consuming your entire budget.