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Amazon Web Services

Cloud Cost Management: Optimization Strategies

Amazon Web Services and Amazon via Coursera

Overview

Cloud cost management is the organizational planning that allows an enterprise to understand and manage the costs and needs associated with its cloud technology. In particular, this means finding cost-effective ways to maximize cloud usage and efficiency. AWS has a set of services, tools and resources to help the customers with cost management and optimization. This course will highlight the solutions and best practices to get started with optimizing AWS cost and capacity.

For effective cost control in cloud computing services, it is quite important to analyze and manage cloud cost and leverage cloud cost management tools to help discover the cause(s) of these inefficiencies. Unplanned cloud costs are frequently the result of lack of visibility about the current consumption patterns and past trends, nonstandard deployments that come from unclear or absent development processes, poor organization, or the absence of automated deployment and configuration tools. By contrast with on-premise infrastructure, which is financed by fixed upfront investments, cloud consumption is an everyday operational expense. This requires a huge shift in your approach to operational management, where optimizing cloud cost is as important as optimizing performance.

A well-defined cost optimization framework helps establish cloud budget, design standards and best practices to follow that budget, and employ cloud solutions that support the organization’s financial goals.

Syllabus

  • Week 1
    • Welcome to Week 1 of Cloud Cost Management: Optimization Strategies. This week, you will be introduced to fundamental concepts of traditional IT financial management versus cloud financial management. You will review the four pillars of cloud financial management and the fundamentals of AWS pricing so you can learn how to use them to your advantage. Lastly, you will get hands-on with the AWS Pricing Calculator to learn how you can estimate costs.
  • Week 2
    • Welcome to Week 2! This week, you will focus on the AWS tools that can help companies break down costs on a per-project or a per-server basis. You will start by learning about the AWS Billing console, which you can use to understand your AWS spending. You will also be introduced to AWS Cost Explorer, which has an easy-to-use interface that you can use to visualize, understand, and manage your AWS Cloud costs and usage over time. Next, you will explore AWS Budgets, which is the simplest way to monitor your AWS spend and be alerted when you exceed—or are forecasted to exceed—your desired spending limit. Lastly, you will learn about AWS Organizations, a service that can help you quickly scale your environment through the programmatic creation of new AWS accounts.
  • Week 3
    • Welcome to the last week of the course! This week, you will be introduced to design decisions and how they impact cost. You will learn about pricing options for a couple of the AWS storage and database services, such as Amazon Elastic Block Storage (Amazon EBS) and Amazon Simple Storage Service (Amazon S3). Next, you will focus on the four pillars of cost optimization: right-sizing, Reserved Instances, elasticity, and a measure-monitor-improve approach. Lastly, you will get an overview of how to plan for data transfer, and also learn more about governance in AWS.

Taught by

Morgan Willis

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