Cost Governance Best Practices - Cost Management in the AWS Cloud

Cost Governance Best Practices

To scale increasingly complex workloads that are run on AWS, your organization should emphasize the creation of clear, effective policies and governance mechanisms around cloud deployment, usage, and cost responsibility. Keep in mind that executive support for cost-management processes is critical.

  • Resource controls (policy-based and automated) govern who can deploy resources and the process for identifying, monitoring, and categorizing these new resources. These controls can use tools such as AWS Service Catalog, AWS Identity and Access Management (IAM) roles and permissions, and AWS Organizations, as well as third-party tools such as ServiceNow.

  • Cost allocation applies to teams using resources, shifting the emphasis from the IT-as-cost-center mentality to one of shared responsibility.

  • Budgeting processes include reviewing budgets and realized costs, and then acting on them.

  • Architecture optimization focuses on the need to continually refine workloads to be more cost-conscious to create better architected systems.

  • Tagging and tagging enforcement ensure cost tracking and visibility across organization lines.

Having effective processes in place ensures that the right information and controls are available to the right people. This reinforces channels of communication for cost-related inquiries, which strengthens your cost-conscious culture.