Answer: A.
Option A is CORRECT.
In AWS Budgets, you can set RI utilization budgets that define a utilization threshold and receive alerts when your RI usage falls below that threshold.
Option B is incorrect.
Savings Plans is a pricing model providing significant savings (up to 72%) upon committing to a consistent usage (measured in $/hour) for a 1- or 3-year term.
AWS offers two types of Savings Plans, Compute Savings Plans and EC2 Instance Savings Plans.
Option C is incorrect.
Reserved Instance (RI) Reporting is a cost management tool that helps customers to manage and monitor their instance reservations.
Option D is incorrect.
Reservation and Utilization dashboard is incorrect.
References:
https://aws.amazon.com/aws-cost-management/aws-budgets/ https://aws.amazon.com/savingsplans/ https://aws.amazon.com/aws-cost-management/reserved-instance-reporting/
The correct answer is A. AWS Budgets.
AWS Budgets is an AWS service that allows you to define custom cost and usage budgets for your AWS resources and services. This service enables you to track and monitor your AWS resource costs and usage, and receive alerts when your costs or usage exceed or drop below your specified budget thresholds.
Using AWS Budgets, you can set reservation utilization budgets and receive alerts when your reservation utilization drops below the defined threshold. This is useful when you have purchased reserved instances and want to ensure that you are fully utilizing them to optimize cost savings.
Savings Plans, on the other hand, are a flexible pricing model that offers savings on your AWS usage in exchange for a commitment to use a specific amount of compute power or a specific amount of money per hour for a term of one or three years. Savings Plans do not provide the same level of budgeting and alerting capabilities as AWS Budgets.
Reserved Instance (RI) Reporting is a feature within AWS Cost Explorer that provides detailed reports on your RI utilization and savings. This feature does not allow you to set utilization budgets or trigger alerts.
The Reservation and Utilization dashboard is a feature within the AWS Management Console that allows you to view and manage your reservations and usage, but it does not provide budgeting or alerting capabilities.
