Describe cost management in Azure

Question 1

Is Azure a capital expense (CapEx) or operational expense (OpEx)?

Answer 1

Operational expense (OpEx)

Question 2

What are the main factors that impact operational expense (OpEx) cost?

Answer 2

1. Resource type
2. Consumption
3. Maintenance
4. Geography
5. Subscription type
6. Azure Marketplace

Question 3

Define ‘Azure Marketplace’

Answer 3

Lets you purchase Azure-based solutions and services from third-party vendors.

Question 4

What types of solutions can be purchased through Azure Marketplace?

Answer 4

A server with software preinstalled and configured, or managed network firewall appliances, or connectors to third-party backup services.

Question 5

How can leveraging Azure Marketplace increase cost?

Answer 5

You may pay for not only the Azure services that you’re using, but also the services or expertise of the third-party vendor - Billing structures are set by the vendor.

Question 6

Are the solutions available in Azure Marketplace attested in any manner?

Answer 6

All solutions are certified and compliant with Azure policies and standards.

Question 7

Define the purpose of the Azure ‘Pricing calculator’

Answer 7

Designed to give you an estimated cost for provisioning resources in Azure including compute, storage, and associated network costs.

Question 8

Define the function of the Azure ‘Pricing calculator’

Answer 8

You can get an estimate for individual resources, build out a solution, or use an example scenario to see an estimate of the Azure spend.

Question 9

Define the purpose of the Azure ‘TCO calculator’

Answer 9

Designed to help you compare the costs for running an on-premises infrastructure compared to an Azure Cloud infrastructure.

Question 10

Define the function of the Azure ‘TCO calculator’

Answer 10

Enter your current infrastructure configuration, including servers, databases, storage, and outbound network traffic and compares the anticipated costs for your current environment with an Azure environment supporting the same infrastructure requirements.

Question 11

Define the ‘Microsoft Cost Management tool’

Answer 11

Provides the ability to quickly check Azure resource costs, create alerts based on resource spend, and create budgets that can be used to automate management of resources.

Question 12

What is the purpose of a cost alert?

Answer 12

A single location to quickly check on all of the different alert types that may show up in the Cost Management service.

Question 12

What is a subset of cost management that provides a quick visual of current Azure costs?

Answer 12

Cost analysis

Question 12

What are the 3 types of cost alerts?

Answer 12

1. Budget alerts
2. Credit alerts
3. Department spending quota alerts

Question 13

Define a ‘budget alert’

Answer 13

Notify you when spending, based on usage or cost, reaches or exceeds the amount defined in the alert condition of the budget.

Question 14

How are budgets set?

Answer 14

In the Azure portal, budgets are defined by cost or by consumption usage when using the Azure Consumption API.

Question 15

Define a ‘Credit alert’

Answer 15

Notify you when your Azure credit monetary commitments are consumed; Monetary commitments are for organizations with Enterprise Agreements (EAs)

Question 16

What type of organization can use a monetary commitment?

Answer 16

Organizations with Enterprise Agreements (EAs)

Question 17

Define a ‘Department spending quota alert’

Answer 17

Notify you when department spending reaches a fixed threshold of the quota.

Question 18

How are Department spending quota alerts configured?

Answer 18

Configured in the EA portal

Question 19

Define a ‘resource tag’

Answer 19

Tags provide extra information, or metadata, about your resources.

Question 20

How do resource tags aid in resource management?

Answer 20

Tags enable you to locate and act on resources that are associated with specific workloads, environments, business units, and owners.