Practice Cloud Financial Management
Why is the Practice Cloud Financial Management best practice area important?
Cloud Financial Management enables long-term success by building capability across your organization. It implements organizational-wide knowledge building programs, resources, and processes.
Expenditure and Usage Awareness
Why is the Expenditure and Usage Awareness best practice area important?
Many businesses are composed of multiple systems run by various teams. Drive efficiency by attributing resource costs to the individual organization or product owners. Accurate attribution helps you to know which products are truly profitable for more informed decisions about where to allocate budget.
Cost-Effective Resources
Why is the Cost-Effective Resources best practice area important?
Using the appropiate resources and configurations for your workload is key to cost savings. For example, a reporting process might take 5 hours to run on a smaller server but 1 hour to run on a larger server that is twice as expensive. Both servers give you the same outcome, but the smaller server incurs more cost over time.
Manage Demand and Supply Resources
Why is the Manage Demand and Supply Resources best practice area important?
When you move to the cloud, you pay only for what you need. You can supply resources to match the workload demand at the time they are needed -eliminating the need for costly and wasteful over-provisioning.- You can also modify the demand using a throttle, buffer, or queue to smooth the demand and serve it with fewer resources.
Optimize over Time
Why is the Optimize over Time best practice area important?
As AWS releases new services and features, it is a best practice to reassess your existing architectural decisions to ensure they continue to be the most cost-effective. As your requirements change, be aggressive in decommissioning resources and entire services or systems that you no longer require -this avoids orphaned resources.
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