This white paper explains why AWS overspend happens (easy instance spin-up, weak monitoring, missing real-time reporting, tempting new features, vendor lock-in) and why cloud cost management matters for visibility, anomaly detection, and eliminating waste like zombie assets, unattached volumes, aging snapshots, and oversized instances. It recommends eight actions: right-size and schedule workloads, use AWS Cost Explorer for analysis and forecasting, set AWS Budgets with alerts, use the Cost and Usage Report for detailed reporting, manage Reserved Instances with utilization and coverage reporting, adopt Savings Plans for major compute discounts, enable Cost Anomaly Detection for ML-based spend alerts and root-cause hints, and consider an AWS Managed Services Provider to operationalize gover

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