Pricing Models & Cost Tools Flashcards
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Terms in this set
- Savings Plans A flexible pricing model offering lower prices in exchange for a one- or three-year usage commitment.
- Reserved Instances A pricing model giving a large discount for committing to specific instance usage for one or three years.
- Spot Instances Spare EC2 capacity offered at steep discounts that AWS can reclaim with short notice.
- On-Demand Pricing Paying for compute capacity by the second or hour with no commitment.
- AWS Cost Explorer A tool to visualize, understand, and forecast AWS costs and usage over time.
- AWS Budgets A tool that sets custom cost and usage thresholds and alerts you when they are exceeded.
- AWS Pricing Calculator A free tool to estimate the cost of an AWS architecture before deploying it.
- Total Cost of Ownership The full cost of a solution over time, including hidden costs like power, cooling, and staff.
- Billing Dashboard The console view that summarizes current charges, usage, and payment information.