Cost Monitoring on AWS Cloud - Track Resource Expenses

Track Resource Expenses on AWS Cloud

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Question

Your company has just started using the resources on the AWS Cloud.

They want to get an idea of the costs being incurred so far for the resources being used.

How can this be achieved?

Answers

A. By going to the Amazon EC2 dashboard. Here you can see the costs of the running EC2 resources.

B. By using the AWS Cost Explorer. Here you can see the running and forecast costs.

C. By using the AWS Trusted Advisor dashboard. This dashboard will give you all the costs.

D. By seeing the AWS Cloud Trail logs.

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Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

The correct answer is Option.

B.The AWS documentation mentions the following on AWS Cost Reports:

Cost Explorer is a free tool that you can use to view your costs.

You can view data up to the last 12 months and 12 months forecast how much you are likely to spend for the next three months and get recommendations for what Reserved Instances to purchase.

For more information on AWS Cost Reports, please refer to the below URL:

http://docs.aws.amazon.com/awsaccountbilling/latest/aboutv2/cost-explorer-what-is.html

To get an idea of the costs being incurred for the resources being used on AWS, you can use the AWS Cost Explorer. The AWS Cost Explorer provides a detailed view of your AWS costs and usage, allowing you to see the running and forecasted costs for your AWS services.

You can access the AWS Cost Explorer from the AWS Management Console. After logging in, go to the AWS Cost Explorer dashboard, which provides an overview of your AWS costs and usage. You can then use the various tools and reports within the Cost Explorer to view your costs and usage data by service, account, region, and more.

Some of the features available in the AWS Cost Explorer include:

Cost and Usage Reports: These reports provide detailed information on your AWS costs and usage data, broken down by service, account, region, and more. You can customize these reports to meet your specific needs and export them to other tools for further analysis.
Budgets: You can set up budgets in the AWS Cost Explorer to help you monitor and manage your AWS costs. You can set alerts to notify you when you exceed your budget thresholds, and you can track your progress towards your budget goals over time.
Reserved Instances: The AWS Cost Explorer can help you analyze your usage of Reserved Instances (RIs) and determine whether you are using your RIs effectively to save money on your AWS costs.
Recommendations: The AWS Cost Explorer provides recommendations on ways to optimize your AWS costs, such as by using RIs, purchasing Savings Plans, or resizing your EC2 instances.

In conclusion, the AWS Cost Explorer is a powerful tool for monitoring and managing your AWS costs and usage. It provides detailed insights into your AWS spending, allowing you to make informed decisions about how to optimize your AWS resources and save money on your AWS bill.

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