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Wave – Budget Management and Forecasting

How to set budgets and monitor cost forecasts in Wave

Written by Alphaus Support Team

Overview

Wave's budget management feature lets you set monthly budgets for each AWS account and track actual spend against them in real time. By viewing budgets alongside actuals and forecasted values, you can detect potential cost overruns before they happen.


Features

Cost Trend and Forecast

Set a budget across a period of 3, 6, or 12 months. Wave uses past usage trends to generate a forecast, which you can use as a reference when deciding your budget amount.

Current Month's Cost Forecast

A detailed breakdown of the current month's forecasted spend versus actuals, updated in real time.

Cost trend and forecast: Users can set the budget in units of 3, 6 or 12 months according to their preference. Users can set the budget based on the forecast that is displayed based on the past usage trends.

By viewing the set budget together with the actual value, you can detect the cost overrun in advance.


How to Set a Budget

  1. Log in to Wave and go to Usage Reports in the left menu

  2. Click ... at the top right of the Cost tab

  3. Click Budget Settings

  4. Set the start month, period, and monthly budget amount

  5. Click Apply in the top right to save


Need More Help?

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