4 AWS Billing and Cost Analysis Tools Free Online FlashCards

How are accounts structured in an AWS Organization?

An AWS Organization groups accounts under a management account and one or more member accounts; organizational units can group accounts by business unit, environment, or workload.

What does consolidated billing change for an organization?

The management account pays the consolidated bill and can review organization-wide charges and account-level costs. Member accounts retain separate resources and credentials.

How do cost allocation tags help assign AWS costs?

Cost allocation tags label resources with business context, such as a project or environment, so costs can be filtered or grouped in supported reports and tools.

What business context can account tags add to cost data?

Account tags categorize usage at the account level, such as by business unit or cost center, and can complement resource tags.

How do Cost Categories organize AWS costs?

Cost Categories use rules to group costs into business-friendly categories, such as “Shared Services” or “Marketing.”

What is AWS Cost Explorer designed to investigate?

AWS Cost Explorer uses charts and tables to explore historical cost and usage data, with filters and groupings such as service, linked account, Region, and activated cost allocation tag.

How can Cost Explorer help trace a cost increase to a workload?

Group costs by service to find major drivers, then filter to a service and group by linked account or cost allocation tag to locate the responsible workload or team.

What level of detail do Cost and Usage Reports provide?

Cost and Usage Reports contain detailed line items for usage and charges, and can include dimensions such as product, usage type, resource, and activated cost allocation tags.

What is a key benefit of CUR 2.0?

AWS Data Exports supports CUR 2.0, the recommended way to receive detailed cost and usage data; it provides a consistent schema and lets users select exported data.

How do AWS Budgets help monitor spending?

AWS Budgets lets you set cost or usage thresholds and receive alerts when actual or forecasted spending approaches them.

What does AWS Cost Anomaly Detection identify?

Cost Anomaly Detection identifies unusual spending patterns and can notify you to investigate unexpected increases.

What kinds of recommendations does AWS Cost Optimization Hub consolidate?

It consolidates recommendations such as rightsizing resources, deleting idle resources, and reviewing Savings Plans or Reserved Instances.