Cost Optimization Strategies
Description
Comprehensive understanding of AWS cost optimization including pricing models, cost monitoring, rightsizing, and financial management for efficient cloud spending.
Learning Objectives
Learners will master cost optimization techniques including understanding AWS pricing models, implementing Reserved Instances and Savings Plans, rightsizing resources, using Spot Instances effectively, monitoring costs with Cost Explorer and Budgets, implementing cost allocation tags, and developing comprehensive cost governance strategies for multi-account environments.
Topics (8)
On-Demand, Reserved Instances, Spot Instances, Savings Plans, pricing tiers, data transfer costs, and understanding the AWS Free Tier.
RI types and terms, Convertible vs Standard RIs, EC2 Instance Savings Plans, Compute Savings Plans, and optimization strategies for different usage patterns.
Spot Instance strategies, Spot Fleet, interruption handling, appropriate use cases, and combining with other pricing models for optimal costs.
CPU and memory utilization analysis, instance right-sizing recommendations, storage optimization, and automated scaling for cost efficiency.
Cost Explorer analysis, budget creation and alerts, Cost and Usage Reports, cost allocation tags, and chargeback/showback implementations.
S3 storage class optimization, EBS volume optimization, data archiving strategies, and intelligent tiering for automated cost optimization.
Consolidated billing, AWS Organizations for cost management, Service Control Policies for cost controls, and implementing cost center allocations.
FinOps principles, cost accountability frameworks, automated cost optimization, cost anomaly detection, and building cost-aware engineering practices.