Billing Protection - Kahuna915/Capstone-Cloud-Integration GitHub Wiki

Limiting overspending:

Setting limits on how much users can spend on AWS is crucial for several reasons. First and foremost, it helps prevent unexpected costs and overages, which can quickly add up and cause financial strain for individuals or organizations. By setting limits, users can keep their AWS usage within a manageable budget and avoid the risk of accumulating significant charges that they may not be able to afford. This is especially important for businesses or organizations that have multiple users accessing AWS resources, as it can be challenging to keep track of all the various expenses without proper controls in place. Moreover, setting limits on AWS spending also helps to promote responsible resource management. With limits in place, users are incentivized to make more conscious decisions about their AWS usage and optimize their resources to stay within budget constraints. This can help organizations reduce waste and improve overall efficiency, which can translate into significant cost savings over time. In addition to promoting responsible resource management and cost control, setting limits on AWS spending can also help with security and compliance. With proper limits in place, users can better manage their AWS resources and ensure that they are adhering to relevant security and compliance requirements. Overall, setting limits on how much users can spend on AWS is a critical aspect of managing cloud infrastructure effectively. By establishing clear budget constraints and incentivizing responsible resource management, organizations can optimize their AWS usage and avoid the risks associated with unexpected costs and overspending.

AWS Budget Actions:

AWS Budget Actions is a powerful tool that can help organizations reduce cost overruns by providing them with greater visibility and control over their AWS spending. Cost overruns occur when an organization exceeds its budgeted spending limit for a particular service or resource. This can happen due to a variety of reasons, such as unexpected usage spikes, inefficient resource utilization, or human error. With AWS Budget Actions, organizations can set up automated actions that are triggered when certain budget thresholds are reached. These actions can help organizations proactively manage their AWS spending and avoid cost overruns. Here are some examples of how AWS Budget Actions can help reduce cost overruns: Reduce Unused Resources: AWS Budget Actions can help organizations identify underutilized resources and automatically terminate or downsize them to save costs. For example, if a particular EC2 instance is running at low utilization, AWS Budget Actions can automatically shut it down or scale it down to a smaller instance type. Alert on Unusual Usage: AWS Budget Actions can also be configured to send alerts when unusual usage patterns are detected. For example, if there is a sudden spike in S3 storage usage, AWS Budget Actions can send an alert to notify the relevant team so they can investigate the cause and take necessary action. Limit Resource Creation: AWS Budget Actions can also be used to limit the creation of new resources to avoid unexpected costs. For example, organizations can set a limit on the number of new EC2 instances that can be launched in a given period, or limit the number of new S3 buckets that can be created. Optimize Reserved Instance Purchase: AWS Budget Actions can also help organizations optimize their reserved instance purchase to save costs. Organizations can set up actions to automatically purchase or modify reserved instances based on their budget and usage patterns. This allows the Administrator to have automatic responses that can be reversed later if found to be incorrect. Along with not allowing any iam users to overspend their budget.

AWS Service Catalog: AWS Service Catalog is a service provided by Amazon Web Services (AWS) that allows organizations to create and manage catalogs of IT services, applications, and infrastructure that are approved for use within their organization. One of the benefits of using AWS Service Catalog is that it can help organizations to control and manage their AWS usage and costs. One way in which AWS Service Catalog can help stop users from spending over a certain amount is by setting up cost constraints. With cost constraints, administrators can set a budget for each product in the catalog, which will prevent users from spending more than the allocated budget. This means that users will not be able to launch or use resources that exceed the budget limit. AWS Service Catalog will prevent the deployment of resources that do not conform to the budget limit, thereby preventing users from overspending. In addition to cost constraints, AWS Service Catalog also provides cost transparency. This means that users will be able to see the cost of the resources they are using and the budget allocated for those resources. This can help users make more informed decisions about which resources to use and how much they should use, thereby helping to reduce costs. Another way in which AWS Service Catalog can help stop users from overspending is by providing resource governance. Administrators can specify which users or groups have access to specific products in the catalog, as well as the level of access they have. This can help prevent unauthorized users from launching expensive resources or making changes to existing resources that could increase costs. Overall, AWS Service Catalog provides a range of features that can help organizations to manage their AWS usage and costs. By setting up cost constraints, providing cost transparency, and implementing resource governance, AWS Service Catalog can help prevent users from overspending and help organizations to stay within their budgets.

AWS Service Quotas:

AWS Service Quotas is a service offered by Amazon Web Services (AWS) that enables customers to manage and monitor their usage of AWS resources. It allows customers to set quotas or limits on the amount of resources that their users or applications can consume. These quotas can help customers control their spending on AWS services by preventing their users from exceeding certain usage levels. One of the ways in which AWS Service Quotas can help stop users from spending over a certain amount is by setting quotas on specific AWS services or resources. For example, a customer can set a quota on the number of EC2 instances that their users can launch. Once the quota is set, AWS will automatically reject any requests that exceed the quota limit. This ensures that the customer does not exceed their budget for that particular service. Another way in which AWS Service Quotas can help customers control their spending is by setting quotas on their overall AWS usage. This can be done by setting quotas on specific AWS accounts, or by setting quotas on the entire AWS organization. By doing so, customers can ensure that their overall AWS usage stays within their budget. AWS Service Quotas also provides customers with the ability to monitor their usage of AWS services in real-time. Customers can view their usage metrics in the AWS Management Console, and set up alerts to notify them when their usage approaches their quota limit. This allows customers to take action to reduce their usage before they exceed their budget. In summary, AWS Service Quotas can help stop users from spending over a certain amount by allowing customers to set quotas on specific AWS services or resources, overall AWS usage, and by providing real-time monitoring and alerts. By using AWS Service Quotas, customers can better manage their AWS costs and prevent unexpected charges.