Amazon Budgets
Businesses and organizations need to plan and set expectations around cloud costs. However, the cloud agility requires you to adapt your forecasting processes and tools to match the dynamic nature of your usage. Set up custom budgets and stay informed of how your cost and usage progress and respond quickly when cost or usage exceeds threshold.
Amazon Budgets allows you to set custom budgets to track your cost and usage from the simplest to the most complex use cases. With Amazon Budgets, you can choose to be alerted by email or SNS notification when actual or forecasted cost and usage exceed your budget threshold, or when your actual RI utilization or coverage drops below your desired threshold. With Amazon Budget Actions, you can also configure specific actions to respond to cost and usage status in your accounts, so that if your cost or usage exceeds or is forecasted to exceed your threshold, actions can be executed automatically or with your approval to reduce unintentional over-spending.
Amazon Budgets integrates with multiple other Amazon Web Services services, such as Amazon Cost Explorer, so you can easily view and analyze your cost and usage drivers.
Benefits
Custom budgets that meet your needs
Track your cost, usage, or coverage and utilization for your Reserved Instances, across multiple dimensions, such as service, or Cost Categories. Aggregate your costs with an unblended or amortized view and include or exclude certain charges, such as tax and refunds. Configure your Budget Actions with IAM policies, and targeted running instances.
Stay informed with alerts and reports
Set up event-driven alert notifications for when actual or forecasted cost or usage exceeds your budget limit, or when your RI coverage or utilization drops below your threshold. You can also choose to be informed on a daily, weekly, or monthly basis with pre-scheduled Budgets Reports.
Granular budget time periods
Create annual, quarterly, monthly, or even daily budgets depending on your business needs. This allows you to take timely actions to prevent cost or usage overage, or inefficient utilization or resource coverage of your Reserved Instances.
Use Cases
Monitor
Monitor your Amazon cost and usage, or RI coverage and utilization. Set up your preferred budget period of day, month, quarter or year, and create specific budget limits that meet your business needs.
Report
Stay informed of how actual or forecasted cost and usage, or actual RI coverage and utilization, progresses towards your budget threshold, with scheduled reports without needing to log into the Amazon Web Services console.
Respond
Set up custom actions, such as Identity and Access Management (IAM) policies, or target running instances (EC2 or RDS) that can be executed automatically or via a workflow approval process, when a budget target has been exceeded.
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Set custom budgets that alert you when you exceed your budgeted thresholds.
