Cost Optimization cloud migration 6 Cost Optimization cloud migration 6 Cost OptimizationCompany Name Industry Name Company Business Model and Project Contextwrite Few lines on company products and services and current IT Infrastructure pain points1. Resource Usage and Allocation1.1 How will you rightsize cloud resources for actual needs?1.2 What tools/methods will monitor/manage resource usage?2. Cost Estimation and Budgeting2.1 What's the estimated cost of running applications in the cloud?2.2 How will you set and manage a cloud budget?3. Cost Comparison3.1 How does cloud cost compare to onpremises infrastructure?3.2 Are specific workloads more costeffective in the cloud?4. Reserved Instances and Savings Plans4.1 Will you use reserved instances or savings plans to reduce costs?4.2 How will you choose instance types to reserve?5. AutoScaling and Elasticity5.1 How will you implement autoscaling to match demand and reduce overprovisioning?5.2 Anticipated resource utilization times?6. Serverless and Managed Services6.1 How will you leverage serverless, managed services for cost reduction?6.2 Managed services vs. selfmanaged infrastructure?7. Storage and Data Management Costs7.1 How will you optimize storage costs while ensuring data performance?7.2 Are there opportunities to archive or delete data?8. Networking Costs8.1 How will networking costs be managed, especially data transfer?8.2 Optimization strategies for onpremises/cloud data transfer?9. Instance Scheduling and Spot Instances9.1 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 Reporting10.1 What tools/dashboards will monitor, report cloud costs?10.2 How often will you review cost data for optimization?11. Application Architecture Impact11.1 How might application architecture changes affect resource utilization and costs?11.2 Opportunities to refactor applications?12. Vendor Pricing Models12.1 What's the cloud provider's pricing model (payasyougo, subscription)?12.2 Resource utilization optimization based on model?13.Training and Skill Development13.1 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 Review14.1 How will ongoing cost optimization be ensured as the cloud environment evolves?14.2 Regular reviews for costsaving opportunities?15. Tradeoffs Between Cost and Performance15.1 Balancing cost reduction with maintaining application performance?15.2 Metrics for determining when cost optimization impacts performance?HiddenAssessment Summary HiddenRecommendation Summary