Explanation The following concepts are essential to working with budgets: BUDGET A monthly threshold you define for your Oracle Cloud Infrastructure spending. Budgets are set on cost-tracking tags or compartments and track all spending in the cost-tracking tag or compartment and any child compartments. Note: 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. ALERT You can define email alerts that get sent out for your budget. You can send a customized email message body with these alerts. Alerts are evaluated every 15 minutes, and can be triggered when your actual or your forecasted spending hits either a percentage of your budget or a specified set amount Select the target for your budget 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 namespaceSelect a target cost-tracking tag key.Enter a value for the cost-tracking tag.
