AWS Cost Optimization Pillar

Design Principles

• Implement Cloud Financial Management: build processes for measuring cost in the cloud and attributing meaningfully to business activities (cost centres, etc)
• Adopt a consumption model: Pay as you go
• Measure overall efficiency: Measure the business KPIs to attribute cost to workloads
• Stop spending money on undifferentiated heavy lifting: use AWS services
• Analyze and attribute expenditure: measure ROI on workloads

Best Practices

• Practice Cloud Financial Management
• Expenditure and usage awareness
• Cost-effective resources
• Manage demand and supply resources
• Optimize over time

Services

• AWS Billing & Cost Management
• AWS Pricing Calculator
• Savings Plans