Mastering AWS Cost Optimisation: A Comprehensive Guide to Billing and Cost Management

In today’s cloud-driven world, managing cloud costs effectively is as crucial as managing the cloud infrastructure itself. Amazon Web Services (AWS) offers a robust suite of tools and services designed to help customers optimise costs and gain deeper insights into their spending. However, with the vast array of options available, it’s easy to overlook the nuances that can make a significant difference in cost management.

In this article, we’ll dive deep into AWS cost optimisation, exploring every essential aspect of AWS Billing and Cost Management. We’ll cover key tools, best practices, unique scenarios, and corner cases that every AWS customer should know to maximise the value of their cloud investment.

1. Understanding AWS Billing and Cost Management

1.1 AWS Billing Dashboard

The AWS Billing Dashboard is your central hub for viewing and managing your AWS costs. It provides a high-level overview of your current and projected spending, enabling you to monitor costs across your organisation. The dashboard includes:

• Cost Explorer: Visualise and analyse your costs with filtering options by service, account, region, and usage type.