AWS Cost Management

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AWS Cost Management

AWS Cost Explorer

AWS Cost Explorer has an easy-to-use interface that lets you visualize, understand, and manage your AWS costs and usage over time.

AWS Budgets

AWS Budgets gives you the ability to set custom budgets that alert you when your costs or usage exceed (or are forecasted to exceed) your budgeted amount.

You can use AWS Budgets to track your service costs and usage within AWS Service Catalog.

You can associate budgets with AWS Service Catalog products and portfolios.

Monitoring EC2 reserved instance (RI) usage:

  • AWS Budgets allows customers to monitor how much of their Amazon EC2 instance usage is covered by reservations and to receive alerts when coverage falls below a specified threshold.
  • Reserved Instance (RI) coverage tracks the number of running instance hours that are covered by RIs, and can be measured over a daily, monthly, quarterly or yearly cadence.
  • For example, you can monitor your RI coverage either at an aggregate level (e.g., monthly coverage of your entire Amazon EC2 RI fleet) or at a more granular level of detail (e.g., monthly coverage of Amazon RDS db.r3.large instances running in US East region).

Cost and Usage Report

The AWS Cost & Usage Report contains the most comprehensive set of AWS cost and usage data available, including additional metadata about AWS services, pricing, Reserved Instances, and Savings Plans.

The AWS Cost & Usage Report itemizes usage at the account or Organization level by product code, usage type and operation.

These costs can be further organized by enabling Cost Allocation tags and Cost Categories.

The AWS Cost & Usage Report is available at an hourly, daily, or monthly level of granularity.

Cost Allocation Tags

To track the costs associated with projects and environments cost allocation tags should be applied to the relevant resources.

Cost allocation tags are used to track AWS costs on a detailed level.

After you activate cost allocation tags, AWS uses the cost allocation tags to organize your resource costs on your cost allocation report, to make it easier for you to categorize and track your AWS costs.

AWS Cost Categories

AWS Cost Categories is a feature within AWS Cost Management product suite that enables you to group cost and usage information into meaningful categories based on your needs.

You can create custom categories and map your cost and usage information into these categories based on the rules defined by you using various dimensions such as account, tag, service, charge type, and even other cost categories.

Once cost categories are set up and enabled, you will be able to view your cost and usage information by these categories starting at the beginning of the month in AWS Cost Explorer, AWS Budgets, and AWS Cost and Usage Report (CUR).