Question

Difficulty: EasyAWS Cost Monitoring, Budgeting, and Optimization Tool Analysis

A company needs to implement a cost-governance strategy. They want to receive proactive notifications when their monthly AWS costs are forecasted to exceed a predefined threshold. Additionally, they need to perform a detailed retrospective analysis of their spending patterns by service over the past 90 days. Which combination of AWS Cost Management tools should the company use to achieve these goals? (Select TWO.)

  1. AWS Budgets to establish cost thresholds and send email notifications when forecasted monthly costs exceed the budget limit.Answer
  2. AWS Cost Explorer to perform interactive analysis of historical spending trends and filter costs by service over the past 90 days.Answer
  3. C
    AWS Cost Explorer scheduled reports to receive proactive email notifications the moment forecasted costs exceed the budget limit.
  4. D
    Compute Savings Plans to configure alerts that trigger when monthly spending on Amazon RDS database instances exceeds the budgeted amount.
  5. E
    AWS Cost Explorer reports to detect and alert on short-term data storage cost penalties from S3 Standard-IA objects deleted before 30 days.

Answer

The company should use AWS Budgets to configure proactive notifications based on forecasted costs, and AWS Cost Explorer to analyze historical cost trends filtered by service over the past 90 days.
The correct combination of tools is AWS Budgets and AWS Cost Explorer. AWS Budgets satisfies the proactive monitoring requirement by sending alerts when forecasted costs are projected to exceed a specified threshold. AWS Cost Explorer satisfies the retrospective analysis requirement by providing interactive graphs to review past billing data filtered by service over a 90-day period.

Step-by-Step Solution

1
Determine the tool required for proactive alerts based on forecasted monthly spending thresholds.
AWS Budgets is selected.
AWS Budgets allows setting custom budgets that trigger alerts on forecasted or actual cost parameters.
2
Determine the tool required for retrospective, filtered analysis of historical cloud costs.
AWS Cost Explorer is selected.
AWS Cost Explorer provides a visual, interactive dashboard to inspect and group historical cost data (such as by service over 90 days).

Key Concept

Distinguishing between proactive budgeting tools and retrospective visual cost analysis tools in AWS.
Estimated Time:1m 30s
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