Budgets

budgets are a powerful way to create accountability across your business units with amberflo’s budgeting tool, you can set spending limits on overall costs or specific services, define timeframes, and configure alerts to notify stakeholders or trigger automated actions when thresholds are reached budgets help teams stay on track and give finops, it, and finance teams visibility into potential overspend before it happens getting started to begin, navigate to the budgets page from the track & optimize section in the left hand navigation menu you will see a list of all existing budgets, including name budget code limit (total amount) last modified date creating budgets to create a new budget, click create budget in the upper right corner above the table required fields when creating a new budget, you must provide the following name budget code budget amount business unit set the scope you can choose whether the budget applies to all services or a specific set of services for the selected business unit all services (default) aggregates all service costs into a single budget select services choose specific services from a dropdown (multiple selections supported) for example, to create a budget focused on ai usage, you might select aws bedrock and aws sagemaker choose the timeframe select a time period for the budget monthly quarterly yearly custom custom timeframes are ideal for event based budgets, such as tracking spend leading up to a product launch or managing seasonal peaks set alerts and thresholds budgets support flexible alerting each alert has three components threshold the percentage of the budget at which the alert should trigger (e g , 70%, 100%) webhook (optional) trigger an automated action via a webhook when the threshold is met email notifications notify specific recipients when the threshold is reached you can define multiple alerts for the same budget, each with different thresholds and actions example at 70% of the budget, send an email to the head of the business unit at 90%, trigger a webhook to throttle usage at 100%, notify both the business unit lead and the cto this flexibility allows you to take progressive actions as usage approaches the budget limit reviewing and editing a budget to review a budget, click on it from the list to open the budget details page at the top of the page, you will see the budget name followed by a graph that visualizes spending related to the budget the solid blue line represents actual accrued costs the dashed blue line shows a forecast based on historical spending trends the dotted gray line indicates the budget limit you can estimate when a budget is likely to be exhausted by observing where the dashed blue line intersects the dotted gray line below the graph, a table displays any alerts currently configured for the budget for each alert, you will see alert name threshold percentage status last modified date editing or deleting a budget to make changes to the budget or its alerts, click the edit button in the upper right above the graph this will guide you through a process similar to creating a new budget on the first step, you can update name budget code budget amount business unit scope of the budget (including selected services and time period) clicking continue takes you to the alert management page, where you can edit existing alerts add new alerts delete alerts by clicking the x in the upper right of each alert when finished, click the save button in the bottom right to apply your changes if you want to discard your edits, click the cancel button next to it to delete the budget entirely, use the delete button located in the bottom left corner of the screen