Microsoft AZ-305 Designing Microsoft Azure Infrastructure Solutions 06 31Oct2024 - Practice Quiz

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Question 1 of 30

A company is analyzing its Azure spending over the past six months to identify areas for cost optimization. They have noticed that their monthly expenditure has been fluctuating significantly, with an average monthly cost of $5,000. The finance team wants to implement a budget that caps their spending at $4,500 per month. If they exceed this budget, they want to receive alerts. Additionally, they are considering using Azure Cost Management tools to analyze their spending patterns and forecast future costs. What is the most effective approach for the company to manage its Azure costs while ensuring they stay within budget?

Set up a budget in Azure Cost Management with alerts for when spending exceeds $4,500 and utilize cost analysis tools to monitor and forecast expenses.

Implement a fixed monthly spending limit in Azure without alerts and rely solely on historical data for future cost predictions.

Use Azure Advisor to receive recommendations on cost savings but do not set any budget limits or alerts.

Analyze spending trends manually each month and adjust the budget accordingly without using any automated tools.

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