Budgets and cost anomaly detection in AWS - Cheat Sheet & Quick Revision

Recall & Review

beginner

What is an AWS Budget?

An AWS Budget is a tool that helps you plan and track your AWS costs and usage. It lets you set a spending limit and alerts you when your costs approach or exceed that limit.

beginner

What does AWS Cost Anomaly Detection do?

AWS Cost Anomaly Detection automatically finds unusual spending patterns in your AWS account and sends alerts so you can investigate and control unexpected costs.

intermediate

How can you receive notifications from AWS Budgets?

You can receive notifications via email or Amazon SNS when your actual or forecasted costs exceed the budget thresholds you set.

intermediate

What is a cost anomaly detection monitor in AWS?

A cost anomaly detection monitor is a resource that tracks your AWS costs and usage to detect anomalies. You can create multiple monitors for different accounts or services.

intermediate

Why is it important to use both AWS Budgets and Cost Anomaly Detection together?

Using both helps you plan your spending with budgets and quickly spot unexpected cost spikes with anomaly detection, giving you better control over your AWS expenses.

What happens when your AWS Budget threshold is exceeded?

A Nothing happens

B You receive an alert notification

C Your account is suspended

D AWS automatically stops your services

AWS Budgets send alert notifications when thresholds are exceeded, but they do not stop services or suspend accounts.

Which AWS service helps detect unusual spending patterns automatically?

A AWS Config

B AWS CloudTrail

C AWS Cost Anomaly Detection

D AWS Trusted Advisor

AWS Cost Anomaly Detection automatically finds unusual spending patterns to alert you.

How can you get notified about budget alerts besides email?

A AWS CloudWatch Logs

B AWS Lambda

C AWS IAM

D Amazon SNS

Amazon SNS can be used to send budget alert notifications to multiple subscribers.

What is a key benefit of setting a forecasted budget in AWS Budgets?

A It predicts future costs to help avoid surprises

B It automatically reduces your AWS usage

C It backs up your data

D It increases your service limits

Forecasted budgets estimate future costs so you can plan and avoid unexpected charges.

Can AWS Cost Anomaly Detection monitor multiple AWS accounts?

A Yes, by creating monitors for each account

B No, it only works for single accounts

C Yes, but only for accounts in different regions

D No, it only works for AWS Organizations

You can create multiple monitors to track costs across different AWS accounts.

Explain how AWS Budgets and Cost Anomaly Detection work together to help manage AWS costs.

Think about planning your spending and spotting surprises.

Describe the steps to set up a budget alert notification in AWS.

Focus on creating the budget and setting alerts.