COST 7. How are you monitoring usage and spending?
Establish policies and procedures to monitor, control, and appropriately assign your costs. Leverage AWS-provided tools for visibility into who is using what—and at what cost. This will provide you with a deeper understanding of your business needs and your teams’ operations.
Best practices:
 Tag all resources To be able to correlate changes in your bill to changes in our infrastructure and usage.

COST 7. How are you monitoring usage and spending?
Establish policies and procedures to monitor, control, and appropriately assign your costs. Leverage AWS-provided tools for visibility into who is using what—and at what cost. This will provide you with a deeper understanding of your business needs and your teams’ operations.
Best practices:
 Tag all resources To be able to correlate changes in your bill to changes in our infrastructure and usage.

 Review Detailed Billing Reports Have a standard process to load and interpret the Detailed Billing Reports.
 Cost-efficient architecture Have a plan for both usage and spending (per unit – e.g., user, gigabyte of data).
 Monitoring Monitor usage and spend regularly using Amazon CloudWatch or a third-party provider (examples: Cloudability, CloudCheckr).
 Notifications Let key members of our team know if our spending moves outside well-defined limits.
 Use AWS Cost Explorer
 Finance driven charge back method Use this to allocate instances and resources to cost centers (e.g., tagging).