Optimizing your costs
Cost optimization is the process of reducing your resource costs by identifying waste, mismanaged resources, and right-sized resources, and also by reserving capacity. With cost management being one of the five principles of cloud governance, it is important to focus on ways of establishing a spending plan and budget for your cloud resources. You will also want to use monitoring and alerting to enforce these budgets and detect anomalies that emerge from development practices. Microsoft provides the Cloud Adoption Framework for guidance on this, which details tools, best practices, and documentation to help organizations succeed in the cloud. You can find more information at https://docs.microsoft.com/azure/cloud-adoption-framework/.
A general method for estimating cost and making changes to the pricing models we discussed earlier is by monitoring your workloads on a peak throughput. For example, if the utilization is high all the time, a pay-as-you-go model...