8 Billing and Cost Management
8.1 AWS Budgets
- With AWS Budgets cost management service, cloud users can set custom budgets to track usage and costs for both simple and complex use cases.
- ... integrates with several AWS services, including AWS Chatbot, AWS Service Catalog, and AWS Cost Explorer.
- ... receive Budget alerts in a designated Amazon Chime room or Slack channel.
- ... set up ... Service Control Policies (SCPs)
- ... target running instances (RDS or EC2) that can be executed when you exceed a budget threshold.
8.2 AWS Cost Explorer
- AWS Cost Explorer allows you to visualize, understand and manage AWS usage and costs by service over time.
- View cost usage for the last 12 months
- Forecast how much likely to spend over the next 12 months
One thing that differentiates AWS Budgets from AWS Cost Explorer is that
- Budgets is suitable for budgeting costs before they're incurred
- Cost Explorer is appropriate for analyzing and visualizing costs after they're incurred
Glossary:
- AES-256 = 256-bit Advanced Encryption Standard
- AZ = Availability Zone
- KMS = Key Management Service {AWS Key Management Service}
- MFS = Multi-Factor Authentication
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