AWS Cost Management
Question
I have a client who is moving their on premise workloads to AWS.
Since they are very cost conscious, they would like to get first hand information on their expenses they will incur while using AWS services.
Which of the following will help them do that?
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.Correct Answer: D.
Option A is incorrect since Cost Explorer helps users to view graph displays of cost of your billing data and analyze them & get a forecast for likely spends for the next 12 months.
The scenario is more to do with clients getting a cost estimate of different AWS services before they move to AWS cloud.
Option B is incorrect since AWS Organizations allows clients to consolidate multiple AWS accounts that they may own into an Organization that they can centrally control many parameters like Account billing, IAM permissions etc..AWS Organizations provides a feature called consolidated billing that provides a single bill for multiple accounts.
Option C is incorrect since AWS Budgets helps clients to plan their service usage, service costs and get informed alerts when the costs reach a certain threshold.
Option D is CORRECT.
Through AWS pricing calculator a client can estimate costs that he will incur for various AWS services that he wishes to use.
The pricing calculator guides the user through a set of well defined service parameters eg If S3 is planned to be used for a static website then parameters like “Standard storage per month”; “PUT, COPY, LIST, POST” requests to S3 standard could be relevant for determining the cost of using S3 on a monthly basis.
References:
https://docs.aws.amazon.com/pricing-calculator/latest/userguide/what-is-pricing-calculator.html https://youtu.be/JWz4eCczCkQThe answer to the question is (A) AWS Cost Explorer.
AWS Cost Explorer is a tool that enables AWS customers to monitor, analyze, and optimize their AWS usage and spending. It provides a comprehensive view of costs and usage trends across an entire AWS account, allowing customers to identify cost drivers and cost-saving opportunities.
With AWS Cost Explorer, customers can visualize their AWS costs and usage data in a variety of ways, including by service, by account, by region, and by tag. This enables customers to gain insights into how much they are spending on each service and where they can optimize their usage to save money.
In addition, AWS Cost Explorer offers forecasting capabilities, enabling customers to project their future costs based on their historical usage patterns. This can be useful for budgeting and planning purposes.
AWS Organizations and AWS Budgets are also useful tools for managing AWS costs, but they are not specifically designed for providing first-hand information on expenses.
AWS Organizations is a tool for managing multiple AWS accounts, enabling customers to centralize billing and administration across their organization.
AWS Budgets is a tool for setting custom cost and usage budgets for AWS services, notifying customers when their spending exceeds their set limits.
AWS Pricing Calculator is a tool for estimating the cost of running AWS services based on usage and configuration. It can be helpful for getting a rough estimate of expenses, but it is not as comprehensive as AWS Cost Explorer.
In summary, AWS Cost Explorer is the best tool for providing first-hand information on expenses while using AWS services, as it offers a comprehensive view of costs and usage trends across an entire AWS account.
