Forecast Refinement

Once your Cost Data is integrated and mapped, you have reached “Baseline” forecast. This is the foundation for building an accurate and maintainable forecast.

Forecast refinement is a lightweight and ongoing process. The most important steps are:

• Define Forecast Cost Layers - Recommended - Create the structure of your forecast by defining Cost Layers
• Choose Projection Types - Recommended - Customize the methodology for projecting future consumption for any Cost Layer
• Incorporate Business Metrics - Recommended - Use relevant data from across the business as an input to your forecast
• Add Initiatives - Recommended - Make your forecast aware of significant changes with impact on cloud costs