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Exam 1z0-997-20 topic 1 question 8 discussion

Actual exam question from Oracle's 1z0-997-20
Question #: 8
Topic #: 1
[All 1z0-997-20 Questions]

Multiple departments in your company use a shared Oracle Cloud Infrastructure (OCI) tenancy to implement their projects. You are in charge of managing the cost of OCI resources in the tenancy and need to obtain better insights into department's usage.
Which three options can you implement together to accomplish this? (Choose three.)

  • A. Create a budget that matches your commitment amount and an alert at 100 percent of the forecast.
  • B. Set up a tag default that automatically applies tags to all specified resources created in a compartment. Then use these tags for cost analysis.
  • C. Set up different compartments for each department. Then track and analyze cost per compartment.
  • D. Use the billing cost tracking report to analyze costs.
  • E. Set up a consolidated budget-tracking tags to analyze costs in a granular manner.
Show Suggested Answer Hide Answer
Suggested Answer: ACE 🗳️
Reference:
https://www.oracle.com/a/ocom/docs/cloud/ops-billing-100.pdf
(22)

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pipolo
11 months, 1 week ago
Answer is :A,B,C
upvoted 1 times
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LeeToowey
2 years ago
budget-tag is the distractor that makes that false. No such thing as budget tags
upvoted 1 times
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D3D1997
2 years, 1 month ago
Selected Answer: BCE
do not see the rationale for A. You must get insight by department, not limit your expense
upvoted 3 times
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D3D1997
2 years, 1 month ago
I do not see the rationale for A. You must get insight by department, not limit your expense
upvoted 1 times
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30th
2 years, 1 month ago
Selected Answer: BCE
It is a tricky question. There is no "budget-tracking" tags (answer "E") in OCI, but there are "cost-tracking" tags. It is the same thing? Cost-tracking tags must be enabled over the tag key definition creation. This step is missing if we omit the answer "E". https://docs.oracle.com/en-us/iaas/Content/Tagging/Tasks/usingcosttrackingtags.htm
upvoted 3 times
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baselios
2 years, 2 months ago
Selected Answer: ABC
Answer.
upvoted 2 times
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Kiranginni
2 years, 2 months ago
ACE is correct answer.. https://www.oracle.com/a/ocom/docs/cloud/ops-billing-100.pdf
upvoted 1 times
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Tanat
2 years, 2 months ago
Selected Answer: ABC
https://blogs.oracle.com/cloud-infrastructure/post/how-to-get-control-of-your-spending-in-oracle-cloud-infrastructure
upvoted 1 times
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Tanat
2 years, 3 months ago
ACE - Correct answer. https://blogs.oracle.com/cloud-infrastructure/post/how-to-get-control-of-your-spending-in-oracle-cloud-infrastructure
upvoted 1 times
EaglEyeZ
2 years, 2 months ago
Hi Tanat, please see the excerpt from your reference link and decide which options are correct. Cost Management Best Practices The new cost management features in Oracle Cloud Infrastructure build on fundamentals that have existed in our service for a while. Here are some best practices for managing costs: Create a budget that matches your commitment amount and an alert at 100 percent of the forecast. This gives you an early warning if your spending increases and you're at risk of getting an overage. Use compartments primarily as an access-control mechanism, but consider that you can also see cost per compartment. In practice, many enterprise customers set up one compartment per department, and having one compartment per department works well for cross-charging. Use cost-tracking tags (like cost-center) to allocate cost in more granular ways. We have recently rolled out tag defaults to make it easier to tag resources. Enable monitoring on all resources. You can merge monitoring data with cost data to gain powerful insights on how to improve resource utilization. Use the usage report to analyze costs and drive custom solutions. This clearly shows A,B & C are the correct options
upvoted 5 times
Tanat
2 years, 2 months ago
Sure it is the answer is ABC
upvoted 1 times
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D3D1997
2 years, 1 month ago
no for A: "This gives you an early warning if your spending increases and you're at risk of getting an overage.". The question is not about overcharging but getting details
upvoted 1 times
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SangSang
2 years, 3 months ago
Selected Answer: ABC
ABC are correct
upvoted 2 times
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Desong
2 years, 4 months ago
yes, ABC
upvoted 3 times
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AhmedShmes
2 years, 5 months ago
A,B, & C
upvoted 1 times
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jkibbee
2 years, 9 months ago
A,B, & C are correct. Use tag defaults to manage resources in your tenancy, including tracking costs by principal name and the date resources are created. (https://docs.oracle.com/en-us/iaas/Content/Tagging/Concepts/understandingautomaticdefaulttags.htm)
upvoted 4 times
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ankit89
3 years, 3 months ago
Yes, ABC is correct!
upvoted 1 times
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ankit89
3 years, 3 months ago
ACE are correct
upvoted 1 times
adesmaster
3 years, 3 months ago
budget-tag doesn't exists so E is incorrect. ABC are correct.
upvoted 2 times
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bjmC
3 years, 4 months ago
ABC- E incorrect as there's no such thing as 'Budget Tracking Tags'
upvoted 3 times
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fhoyos
3 years, 4 months ago
A,C, E are correct. Bis incorrect. You cannot specify free-form tags as cost-tracking tags.
upvoted 2 times
fhoyos
3 years, 4 months ago
Additional information: - Create a budget that matches your commitment amount and an alert at 100 percent of the forecast. - Gives you an early warning if your spending increases and you're at risk of getting an overage. - Use compartments for cost management along with access-control. Many customers set up one compartment per department for cost management and cross-charging. - Use cost-tracking tags (like cost-center) to allocate cost in more granular ways.
upvoted 2 times
Chityaab
3 years, 4 months ago
There are no budget-tracking tags so I would say E is incorrect.
upvoted 2 times
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Community vote distribution
A (35%)
C (25%)
B (20%)
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