Which of the following does AWS provide for managing your costs?

AWS provides the Simple Monthly Calculator as a key tool for managing costs. This calculator allows users to estimate their monthly AWS usage charges by inputting various levels of expected usage for different services, such as computing power, storage, data transfer, and more. This forward-looking estimate helps organizations budget more effectively and understand the cost implications of their planned AWS usage.

Using the Simple Monthly Calculator, users can see a breakdown of costs, which aids in financial planning and cost management strategies. It’s particularly useful for organizations looking to forecast their spending and optimize resource usage based on cost estimates.

The monthly billing report, while useful, does not proactively help in estimating costs; it simply provides a retrospective view of spending. A CloudFormation template is primarily used for deploying and managing AWS infrastructure as code, not for cost management. A diagnostic tool typically focuses on system performance and issues, which doesn’t relate to managing AWS costs directly.