Your company has a set of resources hosted in AWS.
Your IT Supervisor is concerned with the costs being incurred with the current set of AWS resources and wants to monitor the cost usage.
Which of the following mechanisms can be used to monitor the costs of the AWS resources and also look at the possibility of cost optimization.
Choose 3 answers from the options given below.
Click on the arrows to vote for the correct answer
A. B. C. D.Answer - A,B and D.
The AWS Documentation mentions the following.
1) For a quick, high-level analysis use Cost Explorer, which is a free tool that you can use to view graphs of your AWS spend data.
It includes a variety of filters and preconfigured views, as well as forecasting capabilities.
Cost Explorer displays data from the last 13 months, the current month, and the forecasted costs for the next three months, and it updates this data daily.
2) Consider using budgets if you have a defined spending plan for a project or service and you want to track how close your usage and costs are to exceeding your budgeted amount.
Budgets use data from Cost Explorer to provide you with a quick way to see your usage-to-date and current estimated charges from AWS.
You can also set up notifications that warn you if you exceed or are about to exceed your budgeted amount.
3) Visit the AWS Trusted Advisor console regularly.
Trusted Advisor works like a customized cloud expert, analyzing your AWS environment and providing best practice recommendations to help you save money, improve system performance and reliability, and close security gaps.
For more information on cost optimization, please visit the below URL:
https://aws.amazon.com/answers/account-management/cost-optimization-monitor/As per the question, the IT Supervisor is concerned about the costs being incurred with the current set of AWS resources and wants to monitor the cost usage. In order to achieve this, AWS offers several mechanisms to monitor the cost usage and optimize the costs of AWS resources.
Below are the detailed explanations of the options given in the question:
A. Use the Cost Explorer to see the costs of AWS resources Cost Explorer is a tool offered by AWS that allows users to view and analyze their AWS costs and usage. With the help of Cost Explorer, users can understand their cost patterns, identify cost drivers, and take actions to optimize their costs. The Cost Explorer provides a range of pre-built reports and visualizations to help users analyze their cost data. Users can also create custom reports and set up cost allocation tags to better understand their AWS costs.
B. Create budgets in billing section so that budgets are set beforehand AWS offers a Budgets feature in the Billing and Cost Management console that allows users to set custom cost and usage budgets for their AWS resources. With Budgets, users can set up alerts to notify them when their actual costs or usage exceed their budgeted amounts. This allows users to proactively monitor and control their AWS costs.
C. Send all logs to Cloudwatch logs and inspect the logs for billing details CloudWatch Logs is a log management and analysis service offered by AWS that enables users to store, monitor, and analyze their log files from AWS resources. While CloudWatch Logs can provide valuable insights into the usage of AWS resources, it is not recommended to rely solely on CloudWatch Logs to monitor AWS costs. Instead, it is best to use CloudWatch Logs in conjunction with other cost monitoring tools, such as Cost Explorer and Budgets.
D. Consider using the Trusted Advisor. AWS Trusted Advisor is an online tool that provides real-time guidance to help users optimize their AWS infrastructure, improve security and performance, and reduce costs. Trusted Advisor offers several cost optimization checks, such as identifying idle resources, recommending purchasing Reserved Instances, and identifying EC2 instances that can be resized for cost savings.
In conclusion, the three mechanisms that can be used to monitor the costs of the AWS resources and also look at the possibility of cost optimization are: A. Use the Cost Explorer to see the costs of AWS resources B. Create budgets in billing section so that budgets are set beforehand D. Consider using the Trusted Advisor.