Introduction - Cost Optimization Pillar

Introduction

The AWS Well-Architected Framework helps you understand the decisions you make while building workloads on AWS. The Framework provides architectural best practices for designing and operating reliable, secure, efficient, and cost-effective workloads in the cloud. It demonstrates a way to consistently measure your architectures against best practices and identify areas for improvement. We believe that having well-architected workloads greatly increases the likelihood of business success.

The framework is based on five pillars:

  • Operational Excellence

  • Security

  • Reliability

  • Performance Efficiency

  • Cost Optimization

This paper focuses on the cost optimization pillar, and how to architect workloads with the most effective use of services and resources, to achieve business outcomes at the lowest price point.

You’ll learn how to apply the best practices of the cost optimization pillar within your organization. Cost optimization can be challenging in traditional on-premises solutions because you must predict future capacity and business needs while navigating complex procurement processes. Adopting the practices in this paper will help your organization achieve the following goals:

  • Practice Cloud Financial Management

  • Expenditure and usage awareness

  • Cost effective resources

  • Manage demand and supply resources

  • Optimize over time

This paper is intended for those in technology and finance roles, such as chief technology officers (CTOs), chief financial officers (CFOs), architects, developers, financial controllers, financial planners, business analysts, and operations team members. This paper does not provide implementation details or architectural patterns, however, it does include references to appropriate resources.