Billing and Pricing (16%) Flashcards
What are the 3 fundamental drivers of cost?
1) Compute – hourly from launch to termination
2) Storage –data you store in the cloud.
3) Outbound data transfer- data in flight moving between systems
What are the three types of free offers available depending on the service you choose? (3)
1) 12 months free – 12 months’ free usage after initial sign-up with AWS
2) Always free –offers do not expire and are available to all AWS customers
3) Trials – short-term free trials starting from the date you activate a particular service
What is the financial estimate that helps you understand both the direct & indirect costs of AWS?
What Q’s would it help answer? (2)
Total Cost of Ownership (TCO)
- Will help answer questions like ‘how much does it cost to migrate to the AWS cloud?’
- And how can I reduce my TCO using AWS?
Which service helps you plan migration projects to the AWS cloud?
Two benefits?
Application Discovery Service
- Used to estimate TCO
- Works with other services to migrate servers
How to reduce TCO using AWS? (3)
1) Minimize capital expenditures
2) Utilize reserved instances to lock in savings
3) Size your resources to your usage needs
What allows you to query the price of AWS services using JSON or HTML?
What is a benefit? (1)
AWS Price List API
- Can receive price alerts when prices change
What allows you to set custom budgets that alert you when your costs or usage exceed your budgeted amount?
Budgets
What are the budget types? (3)
1) Cost Budgets - plan how much you want to spend on a service
2) Usage Budgets – plan how much you want to use on one or more services
3) Reservation Budgets – set RIs or savings plans utilization or coverage targets.
How are budgets used in the real world?
You can monitor your free tier usage to ensure you don’t accidentally exceed free tier limits & incur unwanted costs. You can set up an alert notification for when your account is approaching a particular dollar amount.
What contains the most comprehensive set of cost & usage data?
Benefits? (2)
Cost & Usage Report
- Can download a detailed & comprehensive report that lists usage for each service
- Can aggregate usage data on a daily, hourly, or monthly level
What allows you to visualize & forecast your costs & usage over time?
What is a benefit? (1)
Cost Explorer
Benefit:
- Can view past 12 months & forecast up to 3 months in future
How is Cost Explorer used in the real world?
if you are considering your options for Savings Plans, AWS Cost Explorer can analyze your EC2 usage over the past 7, 30, or 60 days.
What is useful for tracking spend?
Benefits? (2)
Cost Allocation Tags.
- Allow you to label resources using a key & value pair
- Allow you to track costs via the cost allocation report
What helps you maintain control over cost, compliance, and security across your AWS accounts?
Governance Services
What allows you to centrally manage (consolidate) multiple AWS accounts under one umbrella?
What are the benefits? (4)
Organizations.
What are the benefits of using Organizations? (3)
1) Consolidated billing – receive 1 bill for multiple accounts
2) Cost savings – receive volume discounts since usage is combined across accounts
3) Account governance – a quick & automated way to create accounts or invite existing accounts