Overview
- Console for budgeting and forecasting costs
- Methods to optimize pricing—reduce overall AWS bill
- Integrated closely with billing console
AWS Cost Explorer
- Detailed, allocable cost data
- View data for up to 12 months
- Forecast for next 12 months
- Recommendations on Reserved Instances
- Free of charge
AWS Budgets
- Track and take action on AWS costs and usage
- Types:
- Cost budgets
- Usage budgets
- Reserved Instances utilization budgets—alert when RI usage falls below threshold
- Reserved Instances coverage budgets—alert when number of instance hours covered by RIs falls below threshold
- Savings Plans utilization budgets—alert when Savings Plan usage falls below threshold
- Savings Plans coverage budgets—alert when Savings Plan eligible usage falls below threshold
- Examples:
- Monthly cost with fixed amount within account—alert on actual and forecasted spends
- Monthly cost with variable amount—e.g. each month growing 5%.
- Budgets for a specific service—e.g. ensure staying within free tier
- Daily utilization or coverage budget for Reserved Instances or savings plans—alert when utilization drops below e.g. 80%
AWS Cost Anomaly Detection
- Monitor cost and usage to detect unusual spends
- Receive alerts via email or SNS
- Determine root cause of anomaly
- Configurable—analyze via service, account, tags, cost categories