Savings Plan

Question 1

Savings Plan

Answer 1

Savings Plan is a flexible pricing model that helps you save up cost on Amazon EC2, AWS Fargate, and AWS Lambda usage.

Question 2

How can you purchase Savings Plans?

Answer 2

You can purchase Savings Plans from any account, payer or linked.

Question 3

By default, what is the benefit of Savings Plans ?

Answer 3

By default, the benefit provided by Savings Plans is applicable to usage across all accounts within an AWS Organization/consolidated billing family. You can also choose to restrict the benefit of Savings Plans to only the account that purchased them.

Question 4

True/False. Savings Plans are similar to Reserved Instances, you have All Upfront, Partial upfront, or No upfront payment options.

Answer 4

True.

Question 5

Savings Plans Types

Answer 5

-Compute Savings Plans
-EC2 Instance Savings Plans

Question 6

Computer Savings Plans

Answer 6

Provides the most flexibility and prices that are up to 66 percent off of On-Demand rates. These plans automatically apply to your EC2 instance usage, regardless of instance family (example, M5, C5, etc.), instance sizes (example, c5.large, c5.xlarge, etc.), Region (for example, us-east-1, us-east-2, etc.), operating system (for example, Windows, Linux, etc.), or tenancy (Dedicated, default, dedicated host). They also apply to your Fargate and Lambda usage.

Question 7

Features specific to Compute Savings Plans

Answer 7

You can move a workload between different instance families, shift your usage between different regions, or migrate your application from Amazon EC2 to Amazon ECS using Fargate at any time and continue to receive the discounted rate provided by your Savings Plan.

Question 8

EC2 Instance Savings Plans

Answer 8

Provides savings up to 72 percent off On-Demand, in exchange for a commitment to a specific instance family in a chosen AWS Region (for example, M5 in N. Virginia US-East-1). These plans automatically apply to usage regardless of instance size, OS, and tenancy within the specified family in a region.

Question 9

Features specific to EC2 Instance Savings Plans.

Answer 9

You can change your instance size within the instance family (example, from c5.xlarge to c5.2xlarge) or the operating system (example, from Windows to Linux), or move from Dedicated tenancy to Default and continue to receive the discounted rate provided by your Savings Plan.

Question 10

Savings with On-Demand for Savings Plans and RIs.

Answer 10

Compute Savings Plans & Convertible RIs - Up to 66% savings
EC2 instance Savings Plans & Standard RIs - Up to 72% savings

Question 11

Which Savings Plans and RIs automatically apply pricing to any instance Family?

Answer 11

Only Computer Savings Plans.

Question 12

Which Savings Plans and RIs automatically apply pricing to any instance size?

Answer 12

Computer Savings and EC2 Savings Plans do.
Convertible RIs and Standard RIs do, but only Regional.

Question 13

Which Savings Plans and RIs automatically apply pricing to any tenancy or OS?

Answer 13

Only Compute Savings and EC2 Instance Savings Plans.

Question 14

Which Savings Plans and RIs automatically apply pricing to ECS using Fargate and Lambda?

Answer 14

Only Compute Savings Plans.

Question 15

Which Savings Plans and RIs automatically apply pricing across Regions?

Answer 15

Only Compute Savings Plans

Question 16

Which Savings Plans and RIs have term length options for 1 or 3 years.

Answer 16

All Savings Plans and RIs.

Question 17

How do you monitor your Savings Plans?

Answer 17

The Savings Plans Inventory page shows a detailed overview of the Savings Plans you own.

Question 18

How do you view your Savings Plan as a user in a linked account of AWS Organizations?

Answer 18

If you’re a user in a linked account of AWS Organizations, you can view the Savings Plans owned by your specific linked account.

Question 19

How do you view your Savings Plans if you are in the payer account in AWS Organizations?

Answer 19

If you’re a user in the payer account in AWS Organizations, you can view Savings Plans owned only by the payer account, or you can view Savings Plans owned by all accounts in AWS Organizations.

Question 20

How can you set budgets for your Savings Plans?

Answer 20

You can use AWS Budgets to set budgets for your Savings Plan utilization, coverage, and costs.