vocabulary: domain: AWS Billing and Cost Management description: >- Taxonomy and vocabulary for AWS Billing and Cost Management covering FinOps, cost analysis, budgeting, anomaly detection, and cost optimization. concepts: - term: Cost Explorer definition: >- AWS tool for visualizing and analyzing AWS costs and usage over time with filtering, grouping, and forecasting capabilities. - term: Budget definition: >- A defined spending or usage limit with notification thresholds that alerts stakeholders when actual or forecasted spend approaches or exceeds the limit. - term: Budget Action definition: >- An automated response to a budget threshold breach, such as applying an IAM policy to restrict resource provisioning or running an SSM automation document. - term: Cost Anomaly Detection definition: >- An ML-powered service that identifies unusual spending patterns across AWS accounts, services, or cost categories and sends alerts. - term: Cost Category definition: >- A user-defined mapping of AWS costs to organizational dimensions (teams, projects, environments) for chargeback and showback reporting. - term: Cost Allocation Tag definition: >- A metadata key-value pair applied to AWS resources that appears in cost reports for tracking costs by resource. - term: Chargeback definition: >- A cost accounting practice where AWS costs are allocated and charged back to the business units or teams that incurred them. - term: Showback definition: >- A cost transparency practice where AWS costs are reported to business units without direct financial charging. - term: Rightsizing definition: >- The process of analyzing and adjusting resource configurations to eliminate idle or underutilized capacity while maintaining performance requirements. - term: Savings Plans definition: >- A flexible pricing model offering lower prices in exchange for a usage commitment ($/hour) over a 1 or 3-year term for compute, SageMaker, or Lambda workloads. - term: Reserved Instance definition: >- A billing discount applied to On-Demand instance usage in exchange for a 1 or 3-year commitment for EC2, RDS, Redshift, and other services. - term: Blended Cost definition: >- The average cost per unit across all usage within a consolidated billing family, blending On-Demand and Reserved Instance rates. - term: Unblended Cost definition: >- The actual per-resource cost at the rate applied to each individual resource usage record. - term: Amortized Cost definition: >- Cost representation that spreads upfront Reserved Instance or Savings Plans fees evenly across the commitment period. - term: Granularity definition: >- The time resolution for cost data: HOURLY, DAILY, or MONTHLY. - term: FinOps label: Financial Operations definition: >- A practice combining financial accountability with engineering efficiency to optimize cloud spending while maintaining performance. dimensions: - SERVICE - LINKED_ACCOUNT - REGION - AZ - INSTANCE_TYPE - USAGE_TYPE - OPERATION - TAG - COST_CATEGORY tags: - Billing - Cost Management - FinOps - Cloud Financial Management - Cost Optimization - Budgets - Cost Explorer - AWS - Amazon Web Services - Reserved Instances - Savings Plans - Anomaly Detection