Introduction to AWS Cost Management

This lesson provides an introduction to cost management in AWS. It starts by looking at the economics of the cloud in general, including economies of scale and total cost of ownership, and you'll also learn why cost optimization is important.

We'll also cover the AWS Pricing Calculator and the AWS Well-Architected Framework and how these allow you to optimize your AWS environment and also calculate how much it will cost. We round off the lesson by taking a look at terminology across areas including software development, DevOps, finance, and general AWS terminology.

Learning Objectives

• Get a foundational understanding of cost optimization in AWS
• Learn the fundamentals of cloud economics including economies of scale, total cost of ownership, and why cost optimization is important
• Learn about the AWS pricing calculator
• Learn about the AWS Well-Architected Framework and how it can help to make your AWS environment more efficient and cost-effective
• Understand a range of terminology linked to cost management in AWS

Intended Audience

This lesson is intended for cloud architects, business management, or anyone looking to manage their costs effectively in AWS.

Prerequisites

To get the most out of this lesson, you should already have some experience with the AWS platform.