Recall & Review
beginner
What is cost management in cloud computing?
Cost management is the process of planning and controlling how much money is spent on cloud resources to avoid overspending and waste.
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beginner
Why is cost management important for businesses using AWS?
It helps businesses avoid unexpected bills, optimize resource use, and save money by paying only for what they need.
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beginner
How can poor cost management affect a company?
Poor cost management can lead to high bills, wasted resources, and reduced budget for other important projects.
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beginner
Name one AWS tool that helps with cost management.
AWS Cost Explorer helps visualize and analyze cloud spending to make better cost decisions.
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beginner
What is a simple way to control cloud costs?
Regularly reviewing usage and turning off resources that are not needed helps control costs.
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Why should you manage cloud costs carefully?
✗ Incorrect
Managing costs helps prevent surprise charges by controlling how much you spend on cloud resources.
Which AWS service helps you track and analyze your spending?
✗ Incorrect
AWS Cost Explorer is designed to help visualize and manage your cloud spending.
What happens if you leave unused cloud resources running?
✗ Incorrect
Unused resources still cost money, so turning them off saves costs.
Cost management helps businesses to:
✗ Incorrect
Cost management ensures efficient use of resources and controls spending.
Which of the following is NOT a benefit of cost management?
✗ Incorrect
Wasting resources is a negative outcome that cost management aims to prevent.
Explain why managing cloud costs is important for a small business using AWS.
Think about how money saved on cloud can help other parts of the business.
You got /4 concepts.
Describe simple steps to keep cloud costs under control.
Consider what you would do if you were paying for electricity at home.
You got /4 concepts.