Cost Management Flashcards

1
Q

On-demand Instances

A

Virtual servers that you can rent and use on a pay-as-you-go basis, allowing you to scale your computing resources to and down as needed

  • no upfront costs
  • no long term commitments
  • maximum flexibility
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2
Q

Spot Instances

A
  • Up to 90% discount off on-demand
  • can be terminated anytime
  • takes advantage of unused EC2 capacity
    Example use case:
  • compute-intensive
  • cost sensitive distributed computing
  • can withstand interruption
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3
Q

Reserved Instances

A

Virtual servers that you commit to using for a specific period

  • 1 or 3 years commitment
  • up to 75% off on-demand
  • pay all upfront (biggest discount), partial upfront or no upfront
  • steady-state
  • predictable workloads
  • reserved capacity
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4
Q

Standard RIs

A

Provide the most significant discount (up to 75% off on-demand)

  • best suited for steady-state usage
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5
Q

Convertible RIs

A

Has the capability to change the attributes of the RI as long as the exchange results in the creation of Reserved instances of greater or equal value

  • Provides a discount (up to 54% off on-demand)
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6
Q

Scheduled RIs

A

Available to launch within the time windows you reserve

  • Match your capacity reservation to a predictable recurring schedule that only requires a fraction of a day, a week, or a month
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7
Q

Dedicated host

A

Licensing

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8
Q

Compute Optimizer

A

Uses machine learning to analyze the historical usage patterns of your workloads, helping to identify the most optimal AWS resources, reducing costs and enhancing performance

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9
Q

Pricing Calculator

A

Used to create cost estimates for your AWS use cases

  • model your solutions before building them, explore AWS service price points, and review calculations
  • plan how you spend, find cost saving opportunities and make informed decisions
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10
Q

Billing Conductor

A

Customizable billing service that allows an organization to define billing groups, set pricing rules, create custom line items and generate a unique Cost and Usage Report (CUR) for each billing group

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