Cost optimization strategies in GCP - Cheat Sheet & Quick Revision

Recall & Review

beginner

What is the main goal of cost optimization in cloud computing?

To reduce cloud spending while maintaining performance and reliability.

beginner

How can committed use contracts help reduce costs in GCP?

By committing to use a certain amount of resources for 1 or 3 years, you get a significant discount compared to pay-as-you-go pricing.

intermediate

What is the benefit of using Preemptible VMs in Google Cloud?

They offer much lower prices but can be stopped by Google at any time, suitable for short, fault-tolerant workloads.

beginner

Why is monitoring and setting budgets important for cost optimization?

It helps detect unexpected spending early and keeps cloud costs under control by alerting you before costs get too high.

intermediate

How does rightsizing resources help optimize costs?

By adjusting resource sizes to match actual needs, you avoid paying for unused capacity.

Which GCP feature offers discounts in exchange for a long-term commitment?

A On-demand pricing

B Preemptible VMs

C Sustained use discounts

D Committed use contracts

Committed use contracts require you to commit to resource usage for 1 or 3 years to get discounts.

What is a key risk when using Preemptible VMs?

A They can be stopped at any time by Google

B They cost more than regular VMs

C They have no network access

D They cannot run containers

Preemptible VMs can be terminated by Google at any time, so they are best for fault-tolerant workloads.

Which practice helps avoid paying for unused cloud capacity?

A Rightsizing resources

B Increasing VM size

C Using more storage than needed

D Disabling monitoring

Rightsizing means adjusting resources to fit actual needs, avoiding waste.

Why should you set budgets and alerts in GCP?

A To disable billing

B To increase spending automatically

C To get notified before costs exceed limits

D To delete resources automatically

Budgets and alerts help you monitor and control cloud spending.

What is a sustained use discount in GCP?

A A discount for prepaying for resources

B A discount for running resources for a large portion of the month

C A discount for using only small VMs

D A discount for using multiple regions

Sustained use discounts automatically lower prices when you use resources continuously during the month.

Explain three strategies to optimize costs in Google Cloud Platform.

Think about discounts, cheaper VM options, adjusting resource sizes, and tracking spending.

Describe how monitoring and budgeting help control cloud costs.

Consider how knowing your spending early can prevent surprises.