AWS Spending Forecast | Cloud Practitioner Exam | Amazon

Which tool can you use to forecast your AWS spending?

Question

Which tool can you use to forecast your AWS spending?

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

Answer - D.

The AWS Documentation mentions the following.

Cost Explorer is a free tool that you can use to view your costs.

You can view data up to the last 12 months.

You can forecast how much you are likely to spend for the next 12 months and get recommendations for what Reserved Instances to purchase.

You can use Cost Explorer to see patterns in how much you spend on AWS resources over time, identify areas that need further inquiry, and see trends that you can use to understand your costs.

You also can specify time ranges for the data and view time data by day or by month.

For more information on the AWS Cost Explorer, please refer to the below URL:

http://docs.aws.amazon.com/awsaccountbilling/latest/aboutv2/cost-explorer-what-is.html

A, B and C are incorrect.

These services do not relate to billing and cost.

The tool you can use to forecast your AWS spending is AWS Cost Explorer.

AWS Cost Explorer is a powerful tool that helps you to visualize and manage your AWS spending. With this tool, you can generate reports and get insights into your costs and usage patterns. You can also forecast your future costs based on your historical data.

By using Cost Explorer, you can:

  1. Analyze your AWS costs: Cost Explorer provides you with a detailed breakdown of your AWS costs by service, region, and resource type. You can also create custom reports and filter your data to get more granular insights.

  2. Monitor your spending: Cost Explorer enables you to set up custom cost and usage alarms to alert you when your spending exceeds your budget. You can also track your spending over time and get recommendations on how to optimize your costs.

  3. Forecast your costs: Cost Explorer allows you to forecast your future costs based on your historical data. This helps you to plan your budget and avoid any unexpected surprises.

AWS Organizations is a management tool that helps you to consolidate multiple AWS accounts into a single organization. Amazon Dev Pay is a discontinued service that allowed developers to sell their applications on the AWS Marketplace. AWS Trusted Advisor is a tool that provides recommendations on how to optimize your AWS resources and improve your security and performance. While these services can be helpful for managing your AWS environment, they do not provide cost forecasting capabilities like AWS Cost Explorer does.