Cost Management in AWS - Cost Explorer, Budgets, Compute Optimizer, Pricing Calculator
- Hafeez Baig |
- 16 steps |
- 3 minutes
Amazon Web Services
Refer to the following guide to learn how to use IAM in the cloud\
<https://scribehow.com/shared/Creating_an_IAM_User_and_User_Group_in_AWS_Management_Console__hWNiiXlcRJKFqYZZEJD-cg>
1
Sign in to **AWS Management Console** as an **IAM User**
**Pre-requisite** - Ensure you have selected the AWS region closest to your location\
For this guide, we will be using us-east-2 (Ohio) as a preferred choice
2
Type **Cost Explorer** in the search bar and click on **Cost Explorer** to view the Cost Explorer Dashboard
**What is Cost Explorer in AWS?**
Cost Explorer is a tool provided by Amazon Web Services (AWS) that allows users to visualize, analyze, and manage their AWS costs and usage. It offers interactive charts, graphs, and reports to help users understand their spending patterns, identify cost drivers, and optimize resource utilization.
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On the **Billing and Cost Management** dashboard, click on the **Cost Explorer** from the left bar
4
**New cost and usage report** wizard will open, here you can view the cost and usage graph
5
Scroll to the **Cost usage breakdown** section
**What is Cost usage breakdown?**
The cost usage breakdown is a detailed analysis of your AWS spending, categorizing costs by various dimensions such as services, regions, instance types, accounts, or tags. It provides a granular view of how your AWS resources contribute to your overall expenditure, helping you understand where your money is being allocated and identify areas for optimization or cost reduction.
6
Click on the **Cost Explorer Saved Reports** from the left bar
**What is Cost Explorer Saved Reports?**
Cost Explorer Saved Reports is a feature within AWS Cost Explorer that allows users to save customized reports for their AWS cost and usage data. Users can define specific filters, metrics, and timeframes to create tailored reports that meet their unique requirements. Saved reports can be accessed and reused to track spending trends, analyze cost drivers, and monitor budget adherence over time, providing valuable insights for cost management and optimization.
7
**Reports** wizard will open, here you can view all the Reports
**What are Reports in AWS?**
Reports in the context of AWS typically refer to detailed analyses or summaries of various aspects of your AWS usage and spending. These reports can provide insights into your resource utilization, cost breakdowns, and trends over time. They help users track their AWS usage, identify cost-saving opportunities, and make informed decisions about resource management and optimization.
8
Click on the **Budgets** from the left bar
**What are Budgets in AWS?**
Budgets in AWS refer to predefined spending thresholds set by users to monitor and control their AWS costs. They allow users to define limits on how much they want to spend on AWS services within a specific timeframe. Users receive alerts when their spending approaches or exceeds these limits, helping them to manage their AWS expenses effectively.
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**Overview** wizard will open, here you can view all the Budgets you have created
Congratulations on your successful exploration of Cost Explorer! Great job!
10
To view the AWS Compute Optimizer, type **AWS Compute Optimizer** in the search bar and click on **AWS Compute Optimizer**
**What is AWS Compute Optimizer?**
AWS Compute Optimizer is a service provided by Amazon Web Services (AWS) that analyzes your AWS resources' utilization patterns and recommends optimal configurations to improve performance and reduce costs. It helps users identify opportunities to resize or switch instance types based on their workload characteristics, ultimately optimizing their compute resources.
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**AWS Compute Optimizer** page will open, on the right side click on the **Get started** button
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**Account opt** **in** wizard will open, here you can view the Acknowledgements
