Best Practice 20.4 – Establish cost-related procedures and controls

It might be necessary to adapt traditional cost assessment processes to be cloud ready. Gain familiarity with how to implement the right financial practices and policies by reviewing the AWS Cloud Financial Management Guide.

Suggestion 20.4.1 – Educate administrators on cost implications

Introduce mechanisms to assign accountability and provide incentives for cost optimization.

Suggestion 20.4.2 – Only allow certain users the ability to provision instances using IAM controls

Use IAM policies aligned with resource type and job function within account boundaries to ensure cost control. For example, you might allow additional small-scale systems in a sandbox account to be controlled within a project team but have an additional approval process and restricted access for larger instances in a production account.