AWS Billing and Management: Usage-based Cost Forecasts and Estimates

Usage-based Cost Forecasts and Estimates

Question

In the AWS Billing and Management service, which tool can provide usage-based forecasts of estimated billing costs and usage for the coming months?

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

Correct Answer - A.

AWS Cost Explorer can create user-defined custom forecasts for future usage patterns.

https://docs.aws.amazon.com/awsaccountbilling/latest/aboutv2/ce-forecast.html https://aws.amazon.com/about-aws/whats-new/2019/07/usage-based-forecasting-in-aws-cost-explorer/

Option B is INCORRECT because AWS Bills will list the historical costs that would have been incurred over the past month with granular options.

The tool will not give the usage-based forecasts as specified in the question.

Option C is INCORRECT because AWS Reports will give a composite overview of costs and usage.

The tool gives a granular perspective of usage and billing but without usage-based forecasts.

Option D is INCORRECT because AWS Reports and Cost & Usage Reports are the same tool.

Option.

C.

explanation outlines why it is inaccurate as a response to the question.

The tool in AWS Billing and Management service that provides usage-based forecasts of estimated billing costs and usage for the coming months is AWS Cost Explorer (option A).

AWS Cost Explorer is a powerful cost management tool that provides visualization and analysis of your AWS spending. It allows you to view, understand and manage your AWS costs and usage over time, and provides actionable insights to help you optimize your spending.

One of the key features of AWS Cost Explorer is its ability to provide usage-based forecasts of estimated billing costs and usage for the coming months. This is done by analyzing your historical usage and cost data, and using this data to project your future usage and costs.

To access AWS Cost Explorer, you must have an AWS account and the necessary permissions to access the service. Once you have access, you can use the Cost Explorer dashboard to view cost and usage reports, create custom reports, set up budgets and alerts, and explore cost-saving opportunities.

In contrast, AWS Bills (option B) is simply a list of your current and past bills, while AWS Reports (option C) provides detailed reports on your AWS usage and costs, but does not offer cost forecasting. Cost & Usage Reports (option D) is a tool that allows you to download detailed data about your AWS usage and costs, but it also does not provide cost forecasting.