Cost Optimization Design Principles and Definition - AWS Well-Architected Framework Study Guide

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Cost Optimization

• Run systems to deliver business value at the lowest price point

Design Principles

• Implement Cloud Financial Management
• Adopt a consumption model
• Measure overall efficiency
• Stop spending money on undifferentiated heavy lifting
• Analyze and attribute expenditure

Definition

• Five best practice areas:
  • Practice Cloud Financial Management
  • Expenditure and usage awareness
  • Cost-effective resources
  • Manage demand and supply resources
  • Optimize over time

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