From the course: Complete Guide to the AWS Well-Architected Framework

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Cost optimization pillar evaluation

Cost optimization pillar evaluation

- [Instructor] Next up, cost optimization. We've looked at security, reliability, performance, operational excellence. With cost optimization, taking a look at the use case, well, the only consideration right now is that the costs are expected to be lower operating in the cloud. Well, this might be true. This might not be true. There are a lot of features that we have to pay for operating in the cloud, and we may just find that the costs are higher than we expect, so we have to take that into consideration. Looking at the different options as we build our workload at AWS, there are ways to reduce your costs. This is a big deal right now in the cloud in 2022 and beyond. So Amazon is well aware that cost savings are demanded by customers. But thinking that your workload will be much cheaper operating in the cloud just might not be true. On to the questions. The first question we're going to consider is: How do we implement cloud financial management? That is, who manages this, the…

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