Introduction to AWS Cost Management

1. Introduction

AWS Cost Management enables you to monitor, control, and optimize your AWS spending. With tools like AWS Cost Explorer, Budgets, and Billing Alerts, organizations can gain insights into their spending and make informed decisions regarding resource allocation.

2. Key Points

• AWS Cost Management helps track AWS usage and costs.
• It provides analytics tools to visualize spending patterns.
• Allows setting budgets and alerts for better financial control.

3. AWS Cost Explorer

AWS Cost Explorer is a tool that allows you to view and analyze your costs and usage. You can create custom reports and visualize cost trends over time.

# Sample AWS CLI command to enable Cost Explorer
aws ce enable-cost-explorer
                

To use Cost Explorer:

1. Log in to the AWS Management Console.
2. Navigate to the Billing and Cost Management Dashboard.
3. Select Cost Explorer from the menu.
4. View your cost and usage patterns.

4. Best Practices

To effectively manage AWS costs, consider the following best practices:

• Regularly review your AWS usage and spending.
• Create budgets for different teams or projects.
• Utilize Reserved Instances for predictable workloads.
• Set up alerts for unexpected spending spikes.