Managing Budgets

Open the navigation menu. Under Governance and Administration, go to Account Management and click Budgets.

• For budgets targeting a compartment:
  • Select a target compartment for your budget from the Target Compartment drop-down list. Note that while the budget tracks spending in the specified target compartment, but you need to have permissions to manage budgets in the root compartment of the tenancy to create and use budgets.
• For budgets targeting a cost-tracking tag:
  • Select a tag namespace
  • Select a target cost-tracking tag key.
  • Enter a value for the cost-tracking tag.

Enter a name for your budget in the Name text field. The name can only contain alphanumeric characters, dashes, and the underscore character, and can’t begin with a number.

1. Select a threshold for your alert from the Threshold Metric drop-down list. There are two possible values:

   Actual Spend will watch the actual amount you spend in your compartment per month;

   Forecast Spend will watch your resource usage and alert you when it appears that you'll exceed your budget. The forecast algorithm is linear extrapolation and requires at least 3 days of consumption to trigger

2. Select a threshold type from the Threshold Type drop-down list. You can select either a percentage of your monthly budget (which must be greater than 0 and no greater than 10,000) or a fixed amount.
3. The label of the next text field changes depending on what type of threshold you selected. Enter either a Threshold % or a Threshold Amount.
4. In the Email Recipients field, enter one or more email addresses to receive the alerts. Multiple addresses can be separated using a comma, semicolon, space, tab, or new line.
5. Enter the body of your email alert in the Email Message field. The text of the email message cannot exceed 1000 characters. This message will be included with metadata about your budget, including the budget name, the compartment, and the amount of your monthly budget. You can use this message to for things like providing instructions to the recipient that explain how to request a budget increase or reminding users about corporate policies.

Open the navigation menu. Under Governance and Administration, go to Account Management and click Budgets.

From the list of budgets, select Delete from the context menu, or click the Delete button at the top of budget detail screen. The Confirm Delete dialog will appear.

Open the navigation menu. Under Governance and Administration, go to Account Management and click Budgets.