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AWS Cost Optimization policy

Ensure that your Amazon Lambda function is optimized with memory allocation. There are many ways to optimize Lambda functions, but one of the most important choices is memory allocation. You can choose between 128 MB and 3008 MB, but this also impacts the amount of virtual CPU as memory increases. Since total cost is a...
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Ensure that your Amazon EFS file systems is enabled Lifecycle. Amazon EFS lifecycle management automatically manages cost-effective file storage for your file systems. When enabled, lifecycle management migrates files that have not been accessed for a set period of time to the EFS Standard–Infrequent Access (Standard-IA) or One Zone–Infrequent Access (One Zone-IA) storage class, depending...
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Ensure that your AWS S3 buckets is configured with Amazon S3 Lifecycle to manage your objects so that they are stored cost effectively throughout their lifecycle.
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Check AWS Cloud Budget monthly alerts is configured in your Azure subscriptions. When you set it properly, it will help to alert you when you exceed your budgeted threshold.
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Identify any EC2 instances with idle CPU utilization. The average CPU utilization has been less than 1% for the last 7 days.
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Checks your usage of RDS and provides recommendations on purchase of Reserved Instances to help reduce costs incurred from using RDS On-Demand.
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A significant part of using AWS involves balancing your Reserved Instance (RI) usage and your On-Demand instance usage. We provide recommendations on which RIs will help reduce costs incurred from using On-Demand instances. AWS generates these recommendations by analyzing your On-Demand usage for the past 30 days, and then categorizing the usage into eligible categories...
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Identify and remove any unused AWS WorkSpaces instances available within your AWS account. An AWS WorkSpaces instance is considered unused if has 0 known user connections registered within the past 30 days.
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Identify any Amazon RDS database instances that appear to be idle and delete them to help lower the cost of your monthly AWS bill. By default, an RDS instance is considered 'idle' when meets the following criteria (to declare the instance 'idle' both conditions must be true): The average number of database connections has been...
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Identify any pending Amazon Redshift Reserved Nodes (RNs) available within your account. A payment-pending Redshift RN purchase is a reservation purchase that can't be fully processed due to issues with the AWS account payment method, that maintains the "payment-pending" status long after the initial purchase attempt.
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