From the course: Complete Guide to the AWS Well-Architected Framework

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Cloud budgeting

Cloud budgeting - Amazon Web Services (AWS) Tutorial

From the course: Complete Guide to the AWS Well-Architected Framework

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Cloud budgeting

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- [Instructor] When we're defining cloud budgets and trying to forecast how much we're going to spend over the next six months or the next year, or maybe just the next week, it's a little different in the cloud because we've got variables in storage and compute and usage to keep in mind. On-prem, we didn't have that problem. We ordered some resources, and sure, we might've been using virtualization, but we had limits. So a cloud budget has to be designed with that variability in mind that your compute can get larger and smaller. Your storage can get larger and smaller. You might monitor a little more at certain times of the day. You might utilize services which start and stop at certain times. The cost decrease with your application will be found with workload efficiencies. Can the hosted application and the compute instances be smaller at certain points of the day? Can the database be designed to have auto-scaling storage that only scales up as it needs more storage? So we have to…

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