GCP resource hierarchy from the bottom up. All the resources
you use--whether they’re virtual machines, Cloud Storage buckets, tables in
BigQuery, or anything else in GCP are organized into projects.Optionally,
these projects may be organized into folders; folders can contain other folders.
All the folders and projects used by your organization can be brought together under
an organization node. Projects, folders, and organization nodes are all places where
policies can be defined. Some GCP resources let you put policies on individual resources
too, like Cloud Storage buckets
Project:
All Resources belong to GCP console project. Projects are
the basis for enabling and using GCP services, like managing APIs, enabling
billing, adding and removing collaborators, and enabling other Google services.
Each project is a separate compartment, and each resource belongs to exactly
one. Projects can have different owners and users. They’re billed separately, and
they’re managed separately.
Each GCP project has a name and project ID you assign. The
project ID is apermanent, unchangeable identifier, and it has to be unique
across GCP. You’ll use project IDs in several contexts to tell GCP which
project you want to work with. On the other hand, project names are for your
convenience, and you can change them. GCP also assigns each of your projects a
unique project number, and you’ll see it displayed to you in various contexts,
but using it is mostly outside the scope of this course. In general, project
IDs are made to be human-readable strings, and you’ll use them frequently to
refer to projects.
Folder:
Folders group projects under an organization. Folders can
contain projects, other folders, or both. As in above image.
Organization node:
The organization node is the root node for Google Cloud resources.

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