Creating and managing budgets in Azure cost analysis

Traditionally, budget means setting financial restrictions on how much money a project can spend. But in FinOps language, budget has a positive meaning. In FinOps, you set a cloud spending budget to focus the investment on important innovations. Since the engineers are responsible for creating resources in clouds that cost money, setting a budget at the application level and the department level makes the most sense. Budgets are targets or goals given to product teams as a guard rail and having visibility of how much spend is justifiable to meet business goals generally results in optimal cloud spend. If you are starting the FinOps journey, then you will see no budget set for teams. Your goal as a next step is to work with Finance, Business, and Engineering to establish a reasonable budget. There are various ways you can establish a baseline budget. Organizations in the crawl stage of the FinOps lifecycle might choose to carry forward...