How can AWS Budgets be used to monitor and control costs for multiple AWS accounts within an organization?

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AWS Service: AWS Budgets

Question: How can AWS Budgets be used to monitor and control costs for multiple AWS accounts within an organization?

Answer:

AWS Budgets can be used to monitor and control costs for multiple AWS accounts within an organization using AWS Organizations. With AWS Organizations, you can create a hierarchy of AWS accounts and apply policies to them, including cost allocation policies.

To set up AWS Budgets for multiple accounts, you can create a master account and link it to your AWS Organizations account. Then, you can create separate AWS Budgets for each account or for groups of accounts using the same budget limits and cost filters.

You can also use AWS Budgets’ integration with Amazon SNS to send budget alerts and notifications to different teams or individuals responsible for managing each account or group of accounts. Additionally, you can use AWS CloudFormation templates to automate the creation of AWS Budgets for multiple accounts, which can help streamline the process and ensure consistency across your organization.

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