What kinds of reports can highlight unexpected costs?

Prepare for the Oracle Cloud Cost Management Certification Exam with our comprehensive quiz. Utilize flashcards and multiple choice questions, each offering hints and explanations. Ace your certification with confidence!

Anomaly detection reports are specifically designed to identify and highlight unexpected costs within cloud service usage. Such reports focus on recognizing patterns that deviate from the norm, which can point out unusual spending behavior or unexpected spikes in costs. By monitoring and analyzing historical usage data, these reports can automatically detect any anomalies and alert stakeholders to investigate further. This proactive approach helps organizations manage their budgets effectively by addressing issues in a timely manner and ensuring they can take corrective action as needed.

While trend analysis reports provide valuable information regarding cost trends over time, they may not specifically highlight anomalies. Budget forecast reports focus on projecting future expenses based on current data and past spending habits but do not directly identify unexpected costs. Performance review reports assess the efficiency and effectiveness of services but do not typically examine costs for irregularities. Therefore, the unique function of anomaly detection reports to pinpoint unexpected costs makes them the correct choice.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy