59_1: Introduction

Oracle Cloud Infrastructure (OCI) Billing and Cost Management enables users to effectively track, manage, and optimize their cloud spending. It offers tools to:

• Analyze usage

• Set budgets and alerts

• Generate reports

• View service and SKU-level costs

This guide provides a walkthrough of essential features and configuration steps, supported by visual references.

59_2: Accessing Cost Management

To start managing your cloud spend:

• Log in to the OCI Console.

• Navigate to the Burger Menu > Billing & Cost Management.

59_3: Understanding Billing Dashboard

The Billing Dashboard gives a high-level view of your expenses:

✅ Cost Analysis – Cost by Service

We can see our costs by using different measures in which we want.

✅ Cost by Service & SKU Part Number

Each SKU (Stock Keeping Unit) uniquely identifies a resource or pricing item (e.g., VM type, storage class).

Filters can help drill down by compartment, resource, or service type.

Example – selecting a specific compartment:

See daily usage and precise breakdowns:

59_4: Viewing Usage Reports

Usage Reports provide in-depth service- and compartment-level insights:

You can download detailed CSV reports

Use filters to isolate costs by tags, services, or resources.

59_5: Setting Budgets

Budgets enable proactive control of cloud expenditures.

Go to the Budgets section.

Create a new budget by compartment or service.

Set thresholds: Monthly, Quarterly, or Yearly.

Configure email alerts for when thresholds are exceede.

59_6: Best Practices

✅ Monitor usage weekly or monthly

✅ Use compartments and tags for tracking

✅ Set up budgets and alerts

✅ Regularly review invoices and investigate any anomalies