Add organization information to cost and usage

Establishing a structured tagging schema is critical for effectively monitoring costs and usage. By implementing consistent tagging that reflects your organization, workload attributes, and cost allocation categories, you can achieve granular visibility into resource usage and associated costs.

Best Practices

• Define a Tagging Strategy: Create a tagging framework that includes key attributes like ‘Owner’, ‘Environment’, ‘Project’, and ‘Cost Center’. Consistently applying these tags across your AWS resources enables precise filtering and reporting, making cost management more efficient and transparent.

Supporting Questions

• Do you have a consistent tagging policy applied across all AWS resources?
• Are your tags helping in accurate tracking and reporting of costs?

Roles and Responsibilities

• Cloud Financial Manager: Responsible for overseeing and managing the cloud budgeting and monitoring strategy to ensure cost efficiency.
• DevOps Engineer: Tasked with implementing the defined tagging schema across all deployed resources within the cloud environment.

Artifacts

• Tagging Policy Document: A comprehensive document that outlines the tagging framework, conventions, and required tags for all AWS resources.
• Cost Allocation Reports: Regularly generated reports that highlight costs based on the applied tags to measure cost efficiency.

Cloud Services

AWS

• AWS Budgets: Allows users to set custom cost and usage budgets that alert when thresholds are approached or exceeded, enhancing accountability and control over spending.
• AWS Cost Explorer: Provides detailed insights into AWS spending patterns over time, making it simpler to attribute costs to specific projects or departments based on applied tags.

Question: How do you monitor your cost and usage?
Pillar: Cost Optimization (Code: COST)