Cost Optimization
Questions
9 best practices
- COST01-BP01: BP01 - Establish ownership of cost optimization
- COST01-BP02: BP02 - Establish a partnership between finance and technology
- COST01-BP03: BP03 - Establish cloud budgets and forecasts
- COST01-BP04: BP04 - Implement cost awareness in your organizational processes
- COST01-BP05: BP05 - Report and notify on cost optimization
- COST01-BP06: BP06 - Monitor cost proactively
- COST01-BP07: BP07 - Keep up-to-date with new service releases
- COST01-BP08: BP08 - Create a cost-aware culture
- COST01-BP09: BP09 - Quantify business value from cost optimization
6 best practices
- COST02-BP01: BP01 - Develop policies based on your organization requirements
- COST02-BP02: BP02 - Implement goals and targets
- COST02-BP03: BP03 - Implement an account structure
- COST02-BP04: BP04 - Implement groups and roles
- COST02-BP05: BP05 - Implement cost controls
- COST02-BP06: BP06 - Track project lifecycle
6 best practices
- COST03-BP01: BP01 - Configure billing and cost management tools
- COST03-BP02: BP02 - Identify cost attribution categories
- COST03-BP03: BP03 - Establish organization metrics
- COST03-BP04: BP04 - Configure billing and cost management tools
- COST03-BP05: BP05 - Add organization information to cost and usage
- COST03-BP06: BP06 - Allocate costs based on workload metrics
6 best practices
- COST05-BP01: BP01 - Identify organization requirements for cost
- COST05-BP02: BP02 - Analyze all components of this workload
- COST05-BP03: BP03 - Perform a thorough analysis of each component
- COST05-BP04: BP04 - Select components to optimize cost in line with organization priorities
- COST05-BP05: BP05 - Perform cost analysis for different usage over time
- COST05-BP06: BP06 - Implement processes to regularly evaluate new services
5 best practices
- COST07-BP01: BP01 - Perform pricing model analysis
- COST07-BP02: BP02 - Choose regions based on cost
- COST07-BP03: BP03 - Select third-party agreements with cost-efficient terms
- COST07-BP04: BP04 - Implement pricing models for variable consumption
- COST07-BP05: BP05 - Implement pricing models for workload components
The Cost Optimization pillar includes the ability to run systems to deliver business value at the lowest price point. This pillar provides an overview of design principles, best practices, and questions to consider when architecting cloud solutions with cost optimization in mind.
AWS Services for Cost Optimization
AWS Cost Explorer
Visualize, understand, and manage your AWS costs and usage over time with detailed analytics and forecasting capabilities.
AWS Budgets
Set custom cost and usage budgets that alert you when your budget thresholds are exceeded or forecasted to be exceeded.
AWS Cost and Usage Report
Access comprehensive cost and usage data for your AWS account with detailed billing information and usage metrics.
AWS Trusted Advisor
Provides recommendations that help you follow AWS best practices for cost optimization, performance, security, and fault tolerance.
AWS Compute Optimizer
Recommends optimal AWS resources for your workloads to reduce costs and improve performance using machine learning.
AWS Cost Anomaly Detection
Uses machine learning to identify unusual spends and root causes, helping you act quickly on cost anomalies.
AWS Savings Plans
Flexible pricing model that provides significant savings on AWS usage in exchange for a commitment to consistent usage.
Reserved Instances
Provide significant discount compared to On-Demand pricing in exchange for a commitment to use specific instance types.