47_1: Overview

Oracle Cloud Infrastructure (OCI) provides a Budget Service that helps track and manage cloud spending at the compartment level. This lab outlines the steps to set up a budget for OCI spend on a compartment basis.

47_2: Navigating to Budget Service

• Navigate to Billing > Budgets.

• Click on Create Budget.

47_3: Creating a Budget

• Click Create Budget.

• Enter a Budget Name.

• Select the Compartment where you want to apply the budget.

• Set a Target Amount (the spending limit for the compartment).

• Choose a Reset Period (Monthly, Quarterly, etc.).

47_4: Adding Budget Alert Rule

• Choose Threshold Type (e.g., actual spend or forecasted spend).

• Set a Threshold Value (e.g., 90% of the budget).

• Choose a Notification Method (Email or Notifications Service topic).

• Click Create.

• Budget created.

47_5: Conclusion

This guide provided a step-by-step process to set up OCI budget monitoring for individual compartments, helping in cost management and ensuring spending control. Screenshots can be added for better visualization.