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Guided Lab: Purchasing Reserved Instance (Mock)

Description

Amazon EC2 provides various purchasing options to help you manage costs effectively based on your specific requirements. One key option is Reserved Instances (RI). Think of RIs not as physical instances, but more like a pricing plan or subscription. When you opt for an RI, you’re essentially committing to a particular type and amount of compute capacity in a specific region for a fixed period – either 1 or 3 years. In return for this commitment, you receive a significant discount on your EC2 costs, similar to how a subscription service might offer lower rates for a longer-term commitment. This approach is particularly cost-effective for workloads with predictable usage patterns.

Throughout the lab, you’ll gain experience on how to purchase a Reserved Instand as well as understand the concept of this purchasing option that will empower you to make informed decisions when it comes to adopting Reserved Instances.

Objectives

In this lab, you will:

  • Understand the Concept of EC2 Instance Purchasing Options
  • Gain experience in purchasing a Reserved Instance