We regularly check the status of services to identify any unnecessary or unexpected costs. We utilize the billing dashboard in AWS to monitor daily costs and assess any significant increases. For instance, if our daily AWS expenses usually amount to $1,000 for running a hundred instances, and suddenly it spikes to $1,500, we investigate the reasons behind the increase. We scrutinize detailed reports, identify the areas and services contributing to the rise, and inform our manager. The dashboard overview in AWS Cost Explorer provides a high-level summary of our expenses, covering databases. This includes total costs, daily costs, and a breakdown by services. AWS Cost Explorer offers visualization tools like line charts, bar charts, and pie charts. These visualizations assist us in quickly understanding expenditures, enabling us to pinpoint areas that might need attention. The tool allows the creation of custom reports by selecting and configuring filtering and grouping options. Custom reports include a data range selector, making it easy to analyze expenses for specific periods such as daily, monthly, or custom durations. The budget feature is client-dependent. Before creating any services, we engage with our client to understand their requirements, such as the number of instances, CPU, and memory needed. Subsequently, we create a budgeting tool in servers based on these specifications. Our team configures custom notifications to alert us when actual costs or usage exceed predefined thresholds. These alerts can be sent via email or integrated with Simple Notification Service. I rate the overall product a ten out of ten.
AWS Cost Management is deployed on-cloud in our organization. Everyone should use AWS Cost Management because it is very good for keeping a check on the costs. AWS Cost Management gives a lot of useful recommendations about the latest hardware or features we want to use. Overall, I rate AWS Cost Management an eight out of ten.
Central Public Administration Business Presale Manager at a comms service provider with 501-1,000 employees
Real User
2021-12-08T11:52:00Z
Dec 8, 2021
My advice is to use a solution like this because, with it, you can optimize during your consumption. You can optimize your solution and better spend your money. I would rate AWS Cost Management an eight out of ten.
DevOps Engineer at a computer software company with 201-500 employees
Real User
2020-02-09T08:17:05Z
Feb 9, 2020
Users should go for this solution if they don't need to have multi-account architecture. That's basically the only advice I have. I'd rate the solution seven out of ten.
We largely work with the cloud deployment model. I'd recommend the solution and I'd encourage others to go for it. You don't need to do planning. They're very helpful. I'd rate the solution nine out of ten.
Head of Strategy and Architecture at RedM Professional Services
Real User
2019-11-21T07:12:00Z
Nov 21, 2019
Cloud solutions exist because of costs and efficiency optimization. Those are the key parameters for going to the top, otherwise you just have it on-premises and carry on running it the way you are. Being able to do absolutely every part of the technology from your disaster recovery solution to your backup, to your cloud adoption, the cloud integration, your application integration is a service. So everything is done as a service. It's a more cost effective way of informing and telling the business how they manage their costs or their money. My advice to others looking into implementing this solution, would be to go for it. They should bite the bullet at the beginning and spend the money, because it will help the organization in managing that cost for adoption for the entire lifetime of that cloud solution. An additional feature that I would you like to see included in the next release, is automation. Part of what cost management is to determine the best way to use a solution, a cloud or a workload. Those workloads have the storage association. They have CPU association and they have computer association. What AWS Cost Management needs, is a backend into an optimization tool that can automatically manage your resources so that you don't over-spend on resources. My rating for this solution would be a six out of ten.
AWS Cost Management tools give you visibility into your AWS costs and usage. There are a range of AWS Cost Management tools to help you access, organize, understand, control, and optimize your costs.
![AWS Cost Management [EOL] Logo](https://images.peerspot.com/image/upload/c_scale,f_auto,q_auto,w_40/ecwtjjlwilx2g4qujp0d5nz7cwsn.jpg){kind=small}
We regularly check the status of services to identify any unnecessary or unexpected costs. We utilize the billing dashboard in AWS to monitor daily costs and assess any significant increases. For instance, if our daily AWS expenses usually amount to $1,000 for running a hundred instances, and suddenly it spikes to $1,500, we investigate the reasons behind the increase. We scrutinize detailed reports, identify the areas and services contributing to the rise, and inform our manager. The dashboard overview in AWS Cost Explorer provides a high-level summary of our expenses, covering databases. This includes total costs, daily costs, and a breakdown by services. AWS Cost Explorer offers visualization tools like line charts, bar charts, and pie charts. These visualizations assist us in quickly understanding expenditures, enabling us to pinpoint areas that might need attention. The tool allows the creation of custom reports by selecting and configuring filtering and grouping options. Custom reports include a data range selector, making it easy to analyze expenses for specific periods such as daily, monthly, or custom durations. The budget feature is client-dependent. Before creating any services, we engage with our client to understand their requirements, such as the number of instances, CPU, and memory needed. Subsequently, we create a budgeting tool in servers based on these specifications. Our team configures custom notifications to alert us when actual costs or usage exceed predefined thresholds. These alerts can be sent via email or integrated with Simple Notification Service. I rate the overall product a ten out of ten.
AWS Cost Management is deployed on-cloud in our organization. Everyone should use AWS Cost Management because it is very good for keeping a check on the costs. AWS Cost Management gives a lot of useful recommendations about the latest hardware or features we want to use. Overall, I rate AWS Cost Management an eight out of ten.
I recommend AWS Cost Management to others and rate it a ten out of ten.
If you are just venturing into cost management, I believe this is the best solution to start with. I rate AWS Cost Management a nine out 10 overall.
I would rate AWS Cost Management an eight out of ten.
My advice is to use a solution like this because, with it, you can optimize during your consumption. You can optimize your solution and better spend your money. I would rate AWS Cost Management an eight out of ten.
I would rate this solution a seven out of ten.
Users should go for this solution if they don't need to have multi-account architecture. That's basically the only advice I have. I'd rate the solution seven out of ten.
We largely work with the cloud deployment model. I'd recommend the solution and I'd encourage others to go for it. You don't need to do planning. They're very helpful. I'd rate the solution nine out of ten.
Cloud solutions exist because of costs and efficiency optimization. Those are the key parameters for going to the top, otherwise you just have it on-premises and carry on running it the way you are. Being able to do absolutely every part of the technology from your disaster recovery solution to your backup, to your cloud adoption, the cloud integration, your application integration is a service. So everything is done as a service. It's a more cost effective way of informing and telling the business how they manage their costs or their money. My advice to others looking into implementing this solution, would be to go for it. They should bite the bullet at the beginning and spend the money, because it will help the organization in managing that cost for adoption for the entire lifetime of that cloud solution. An additional feature that I would you like to see included in the next release, is automation. Part of what cost management is to determine the best way to use a solution, a cloud or a workload. Those workloads have the storage association. They have CPU association and they have computer association. What AWS Cost Management needs, is a backend into an optimization tool that can automatically manage your resources so that you don't over-spend on resources. My rating for this solution would be a six out of ten.