Which features or services can be used to monitor costs and expenses for an AWS account? (choose two)

Study for the Cloud Technology Exam. Prepare with flashcards and multiple choice questions; each question offers hints and explanations. Get ready for your exam!

AWS Cost Explorer is a powerful tool that allows users to visually analyze their spending patterns and manage their AWS costs. It provides various filtering and grouping options, enabling users to delve into cost drivers and forecast future costs based on historical data. Users can create custom reports, view trends over time, and identify areas where they might optimize their spending.

AWS Budgets, which is another essential feature for monitoring costs, enables users to set custom budget limits for different services or accounts. It allows for tracking of spending against these budgets and provides alerts when usage exceeds specified thresholds. This proactive approach helps organizations maintain control over their financial resources and make informed decisions about resource allocation.

Both of these tools are designed specifically for cost management and monitoring, making them integral for AWS account expense oversight. In contrast to other options, such as AWS CloudTrail—which focuses more on logging API calls for security and compliance—and AWS Shield, which provides DDoS protection, Cost Explorer and Budgets are tailored specifically for financial monitoring and management.

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