Points to consider before create Cost Plan for Cloud computing resources

Before create Cost Plan or Bill of Materials, the below points will guide you to get efficient solution or cost whether you are using AWS or Azure cloud computing resources.

Using the right resources help you to meet the client requirements, save money and get less operations, errors, less security vulnerabilities …

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  • Meet business objectives and the budget (be specific)
  • Know if the workload or legacy applications is supported in cloud
  • Consider non-functionality requirements like High availability or maintainability
  • Consider security requirements and compliance
  • Know the cloud deployment models (Public or Hybrid)
  • Review cloud provider pricing pages and calculators
  • Consider support price
  • Go with Serverless and managed resources first and if they are not applicable then go with IaaS
  • Consume free tier and resources as much as you can
  • Cost based on hours and usage
  • Enable alarm on bills and stop unused resources (even if it’s for hours)
  • Review your design, review your deployment, review ongoing projects
  • Determine the baseline and watch the exception behaviors
  • Know the required environments (staging, production …)
  • Know if the license is provided by the customer or cloud provider
  • Pricing is estimated (expected) because it’s based on provided information, always go with maximums
  • Provision just in time, start small and then elastic your resources
  • Keep old billing files for tracing and tracking
  • Know about the cloud resources usage (on demand, reserved or spot resources)
  • Use when possible the cheapest region if the network latency is not an issue
  • Know what is free and cost resources
  • New generation of virtual instances is cheaper
  • Use the right resource size (don’t go bigger or smaller)
  • Consider optimization features like Caching or CDN which reduce the consuming cost
  • Consider Lifecyle or Retention policy for resources
  • Automate the scaling and shrinking process of resources
  • Consider consolidating accounts
  • Consider Backup solutions and storage and don’t keep them in one datacenter
  • Know cloud services limitations
  • Review Trusted advisor or center
  • Seek for discount or credit especially when you have big profile project
  • Know the refund policy, currency conversion
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