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Cost Optimization

The Cost Optimization pillar includes the ability to run systems to deliver business value at the lowest price point.

Questions

COST01 9 best practices
How do you implement cloud financial management?
BP01 Establish ownership of cost optimization BP02 Establish a partnership between finance and technology BP03 Establish cloud budgets and forecasts BP04 Implement cost awareness in your organizational processes BP05 Report and notify on cost optimization BP06 Monitor cost proactively BP07 Keep up-to-date with new service releases BP08 Create a cost-aware culture BP09 Quantify business value from cost optimization
COST02 6 best practices
How do you govern usage?
BP01 Develop policies based on your organization requirements BP02 Implement goals and targets BP03 Implement an account structure BP04 Implement groups and roles BP05 Implement cost controls BP06 Track project lifecycle
COST03 6 best practices
How do you monitor your cost and usage?
BP01 Configure detailed information sources BP02 Add organization information to cost and usage BP03 Identify cost attribution categories BP04 Establish organization metrics BP05 Configure billing and cost management tools BP06 Allocate costs based on workload metrics
COST04 5 best practices
How do you decommission resources?
BP01 Track resources over their lifetime BP02 Implement a decommissioning process BP03 Decommission resources BP04 Decommission resources automatically BP05 Enforce data retention policies
COST05 6 best practices
How do you evaluate cost when you select services?
BP01 Identify organization requirements for cost BP02 Analyze all components of the workload BP03 Perform a thorough analysis of each component BP04 Select software with cost-effective licensing BP05 Select components of this workload to optimize cost in line with organization priorities BP06 Perform cost analysis for different usage over time
COST06 4 best practices
How do you meet cost targets when you select resource type, size and number?
BP01 Perform cost modeling BP02 Select resource type, size, and number based on data BP03 Select resource type, size, and number automatically based on metrics BP04 Consider using shared resources
COST07 5 best practices
How do you use pricing models to reduce cost?
BP01 Perform pricing model analysis BP02 Choose Regions based on cost BP03 Select third-party agreements with cost-efficient terms BP04 Implement pricing models for all components of this workload BP05 Perform pricing model analysis at the management account level
COST08 3 best practices
How do you plan for data transfer charges?
BP01 Perform data transfer modeling BP02 Select components to optimize data transfer cost BP03 Implement services to reduce data transfer costs
COST09 3 best practices
How do you manage demand, and supply resources?
BP01 Perform an analysis on the workload demand BP02 Implement a buffer or throttle to manage demand BP03 Supply resources dynamically
COST10 2 best practices
How do you evaluate new services?
BP01 Develop a workload review process BP02 Review and analyze this workload regularly
COST11 1 best practices
How do you evaluate the cost of effort?
BP01 Perform automation for operations

AWS services for Cost Optimization

AWS Cost Explorer

Visualize, understand, and manage your AWS costs and usage over time.

AWS Budgets

Set custom budgets that alert you when costs or usage exceed your thresholds.

AWS Compute Optimizer

Recommends optimal AWS resources to reduce costs and improve performance.

AWS Trusted Advisor

Provides recommendations that help you follow AWS best practices, including cost optimization.

Savings Plans

Flexible pricing model offering lower prices in exchange for a usage commitment.

AWS Cost and Usage Report

The most comprehensive set of cost and usage data available for your account.

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