White Paper: December 2021 AWS Cost Optimization: Best Practices to Lower Your Cloud BillWhite Paper | 2 AWS Cost Optimization: Best Practices to Lower Your Cloud Bill Table of contents Executive summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Challenges with cloud cost management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 AWS Well-Architected Framework: A foundation for cloud success . . . . . . . . . 4 Well-architected pillar no . 5: Cost optimization 4 In practice: Cost optimization for the cloud . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1 . Practice cloud financial management 5 2 . Expenditure and usage awareness 7 3 . Cost-effective resources 8 4 . Manage demand and supply resources 11 5

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