AWS Cost Management: Cost Allocation
Costs in cloud environments can get complicated quickly. Therefore it is essential to provide transparency and responsibility to everyone in a business. In this lesson, you'll learn about cost allocation in AWS, including best practices and how to apply common strategies.
Learning Objectives
- Understand the benefits of a cost allocation strategy and cost visualization
- Learn how the maturity of a company impacts the type of cost allocation strategy it uses
- Learn about various cost indicators in AWS
- Understand how understanding your costs can help you forecast future costs
Intended Audience
This lesson is intended for anyone who wants to learn how to manage their AWS cloud costs effectively.
Prerequisites
To get the most out of this lesson, you should have a basic understanding of AWS, as well as finance and cloud terminology.
Heinrich Marks and is a FinOps Consultant at kreuzwerker Frankfurt GmbH, Germany. His expertise lies in AWS cost optimization and FinOps methodology at the enterprise level.
At kreuzwerker, we focus on AWS, Software Engineering, and Cloud Financial Management. We've faced many cases with our customers where costs in the cloud got out of hand and lost touch with the actual business values. This made us work harder on solutions and find ways to master financial management in the cloud.
Over time, we have already been able to save our customers many millions of dollars. Moreover, we are also proud partners of the FinOps Foundation and the leading professionals in Germany. Today, we want to share this knowledge with you and spread more awareness on the topic!