AWS Cloud Economics Acceditation - Cloud Financial Management

1. Measurement and accountability 2. Cost optimization 3. Planning and forecasting 4. Cloud financial operations

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1. Measurement and accountability

tagging

• cost center
• application or workload
• user / owner
• expiration date
• automation (“shut me down on the weekend”, “non-critical, can be moved to another AZ)

options

1. DIY - build your own
2. APN
3. AWS tools - AWS cost explorere

https://aws.amazon.com/products/management-tools/partner-solutions/

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2. Cost optimization

Cost optimization - right-sizing instances idle instances (< 1% max cpu utilization) underutilized instances (1% - 40% utilization)

Cost optimization - elasticity https://aws.amazon.com/premiumsupport/knowledge-center/start-stop-lambda-eventbridge/

Cost optimization- pricing model

reserved instances

spot instances:

• benefits
  • cost savings
  • scale to compute environments
• rules
  • same infrastructure
  • pricing = supply & demand
  • diversify instance types/sizes
• interruptions: 2-minute notice

Cost optimization - storage

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3. Planning and forecasting

1. AWS pricing calculator
2. AWS service’s pricing page
3. AWS Price List API (3rd party SDK)
4. AWS Cost Explorer

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4. Cloud financial operations

automate

auutomated scheduling https://aws.amazon.com/solutions/implementations/instance-scheduler/

https://aws.amazon.com/aws-cost-management/aws-cost-explorer/

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Backlinks

• Course: AWS Cloud Economics Acceditation