How can custom cost allocation tags be used to provide more granular visibility and control over AWS costs in AWS Cost and Usage Report?

learn solutions architecture

AWS Service: AWS Cost and Usage Report

Question: How can custom cost allocation tags be used to provide more granular visibility and control over AWS costs in AWS Cost and Usage Report?

Answer:

Custom cost allocation tags can be used to provide more granular visibility and control over AWS costs in AWS Cost and Usage Report. These tags can be assigned to AWS resources such as EC2 instances, S3 buckets, and RDS databases to categorize and track costs based on specific attributes such as department, project, or environment.

AWS Cost and Usage Report provides detailed data fields and metrics that can be filtered and grouped based on these cost allocation tags, allowing for more accurate cost tracking and analysis. For example, you can create custom reports that show the cost breakdown for specific projects or departments across multiple AWS accounts, and use this information to optimize costs and allocate resources more efficiently.

To use custom cost allocation tags in AWS Cost and Usage Report, you must first enable cost allocation tagging in your AWS account and assign tags to your AWS resources. You can then configure the Cost and Usage report to include these tags as data fields, and use them to filter and group the data based on your specific requirements.

Get Cloud Computing Course here 

Digital Transformation Blog