Cost Optimization cloud migration 6

Cost Optimization

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1. Resource Usage and Allocation

1.1 How will you rightsize cloud resources for actual needs?

1.2 What tools/methods will monitor/manage resource usage?

2. Cost Estimation and Budgeting

2.1 What's the estimated cost of running applications in the cloud?

2.2 How will you set and manage a cloud budget?

3. Cost Comparison

3.1 How does cloud cost compare to onpremises infrastructure?

3.2 Are specific workloads more costeffective in the cloud?

4. Reserved Instances and Savings Plans

4.1 Will you use reserved instances or savings plans to reduce costs?

4.2 How will you choose instance types to reserve?

5. AutoScaling and Elasticity

5.1 How will you implement autoscaling to match demand and reduce overprovisioning?

5.2 Anticipated resource utilization times?

6. Serverless and Managed Services

6.1 How will you leverage serverless, managed services for cost reduction?

6.2 Managed services vs. selfmanaged infrastructure?

7. Storage and Data Management Costs

7.1 How will you optimize storage costs while ensuring data performance?

7.2 Are there opportunities to archive or delete data?

8. Networking Costs

8.1 How will networking costs be managed, especially data transfer?

8.2 Optimization strategies for onpremises/cloud data transfer?

9. Instance Scheduling and Spot Instances

9.1 Can you schedule instances to run during specific hours to reduce costs?

9.2 Suitability of spot instances for noncritical workloads?

10. Cost Monitoring and Reporting

10.1 What tools/dashboards will monitor, report cloud costs?

10.2 How often will you review cost data for optimization?

11. Application Architecture Impact

11.1 How might application architecture changes affect resource utilization and costs?

11.2 Opportunities to refactor applications?

12. Vendor Pricing Models

12.1 What's the cloud provider's pricing model (payasyougo, subscription)?

12.2 Resource utilization optimization based on model?

13.Training and Skill Development

13.1 How will your IT team be trained to manage and optimize cloud resources?

13.2 Cloud cost optimization best practices training?

14. Cost Governance and Review

14.1 How will ongoing cost optimization be ensured as the cloud environment evolves?

14.2 Regular reviews for costsaving opportunities?

15. Tradeoffs Between Cost and Performance

15.1 Balancing cost reduction with maintaining application performance?

15.2 Metrics for determining when cost optimization impacts performance?

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August 16, 2023

Cost Optimization cloud migration 6