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Difficulty: MediumAWS Billing and Cost Management Tools

A retail company wants to implement a cost management strategy on AWS. The finance team needs to prevent unexpected cloud spend by receiving notifications when forecasted monthly costs exceed a specific threshold. Additionally, they require a tool to perform retrospective analysis to visualize and identify cost drivers over the past six months. Which AWS Billing and Cost Management tools should the company use to meet these requirements? (Select TWO.)

  1. AWS BudgetsAnswer
  2. AWS Cost ExplorerAnswer
  3. C
    AWS Pricing Calculator
  4. D
    AWS Billing Conductor

Answer

AWS Budgets and AWS Cost Explorer
AWS Budgets and AWS Cost Explorer are the correct tools. AWS Budgets meets the requirement for proactive alerting by notifying the team when forecasted monthly costs exceed a threshold. AWS Cost Explorer meets the requirement for retrospective analysis by allowing the team to visualize historical cost trends and identify specific cost drivers.

Step-by-Step Solution

1
Identify the tool required for proactive threshold alerting based on forecasted costs.
AWS Budgets is identified because it allows users to set custom budgets and receive alerts when forecasted or actual costs exceed thresholds.
This directly addresses the requirement to prevent unexpected spend by receiving notifications.
2
Identify the tool required for retrospective cost analysis and visualization.
AWS Cost Explorer is identified because it provides visual representations of historical cost and usage patterns.
This directly addresses the requirement to analyze cost drivers over the past six months.

Key Concept

AWS Cost Management Tools
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Topics

AWS Billing and Cost Management Tools

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