A budget, will give the ability to the storefront users to plan service usage, service costs and reserved instance under-utilization.
With budgets you can:
- View If the current cost of the plan is reaching close to the cost budget or has exceeded it
- Define usage thresholds and compare your estimated usages with current usages
- Check historical budgets for your plans and view the budget variance
- Receive alert for a Reserved instance budget, when the reserved instance is under-utilized
An alert threshold is a point on-top of a budget that allows you to receive notification upon a pre-defined assumption.
For example:
- If you have a crossover in a Usage Budget Alert threshold %
- If you have a crossover in a Cost Budget Alert threshold %
- If you under-utilize a Reserved instance upon a specific Alert threshold %