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Difficulty: HardAWS Billing and Cost Management Tools

A remote-sensing satellite data provider wants to review their daily data-transfer cost trends across different AWS Regions over the last 90 days. They also want to use this historical data to project their network transfer fees for the next two months to adjust their operating budget. Which AWS Billing and Cost Management tool is best suited for both visualizing these historical trends and creating the forecast?

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

Answer

AWS Cost Explorer
AWS Cost Explorer is designed to let customers visualize, understand, and manage their AWS costs and usage over time. It provides interactive charts to view historical daily or monthly spend across multiple dimensions (such as AWS Region) and includes a machine learning-based forecasting engine to project costs for future periods based on those historical trends.

Step-by-Step Solution

1
Identify the primary business requirement.
The requirement is to analyze actual historical spend (daily data-transfer trends over 90 days) and forecast future spend (next two months).
This determines whether a pre-deployment tool or a post-deployment tool is needed.
2
Differentiate between real-time alerting/custom billing versus cost visualization/forecasting.
Visualizing cost trends and projecting future costs based on historical usage requires visual analysis and forecasting features.
This rules out AWS Budgets (proactive alerting) and AWS Billing Conductor (custom pro forma pricing rules).
3
Select the tool designed for historical visualization and trend projection.
AWS Cost Explorer is selected, as it is the native tool for plotting historical spending data and generating cost forecasts.
This matches both the trend analysis and forecasting requirements of the scenario.

Key Concept

Using AWS Cost Explorer to visualize past trends and forecast future costs.
Estimated Time:2m 0s
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Topics

AWS Billing and Cost Management Tools

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