Understanding the Other Departments
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1h 13m

This course covers the core learning objective to meet the requirements of the 'Implementing effective Cost Management solutions in AWS - Level 1' skill

Learning Objectives:

  • Understand aspects of AWS Cloud economics, including OpEX, CapEX and TCO
  • Understand the various AWS account structures in relation to AWS billing and pricing practices
  • Understand which operations will reduce costs by moving to the AWS cloud
  • Analyze and contrast the various pricing models for AWS, such as On-Demand EC2 Instances, Reserved Instances, and Spot Instance pricing

Every department and every job has its own language. When people from different areas meet, communication is often difficult because important terms are not familiar to the other side.

Take the example of IT and finance. The topics of these two areas are far apart.

But as we have already learned, it is important to establish communication between these areas and this is exactly what we want to help you with in this lesson.

We will introduce you to the most important terms from AWS but also from software development and finance.

AWS has hundreds of different services and you can probably fill a whole dictionary with terms. Here we would like to explain the most important terms that are also important for the Cloud Financial Management area.

About the Author
Learning Paths

Stuart has been working within the IT industry for two decades covering a huge range of topic areas and technologies, from data center and network infrastructure design, to cloud architecture and implementation.

To date, Stuart has created 150+ courses relating to Cloud reaching over 180,000 students, mostly within the AWS category and with a heavy focus on security and compliance.

Stuart is a member of the AWS Community Builders Program for his contributions towards AWS.

He is AWS certified and accredited in addition to being a published author covering topics across the AWS landscape.

In January 2016 Stuart was awarded ‘Expert of the Year Award 2015’ from Experts Exchange for his knowledge share within cloud services to the community.

Stuart enjoys writing about cloud technologies and you will find many of his articles within our blog pages.