A company wants to receive a notification when a specific AWS cost threshold is reached.

AWS Budgets and Amazon CloudWatch are two AWS services or tools that the company can use to receive a notification when a specific AWS cost threshold is reached. AWS Budgets allows users to set custom budgets to track their costs and usage, and respond quickly to alerts received from email or Amazon Simple Notification Service (Amazon SNS) notifications if they exceed their threshold. Users can create cost budgets with fixed or variable target amounts, and configure their notifications for actual or forecasted spend. Users can also set up custom actions to run automatically or through an approval process when a budget target is exceeded. For example, users could automatically apply a custom IAM policy that denies them the ability to provision additional resources within an account. Amazon CloudWatch is a service that monitors applications, responds to performance changes, optimizes resource use, and provides insights into operational health. Users can use CloudWatch to collect and track metrics, which are variables they can measure for their resources and applications. Users can create alarms that watch metrics and send notifications or automatically make changes to the resources they are monitoring when a threshold is breached. Users can use CloudWatch to monitor their AWS costs and usage by creating billing alarms that send notifications when their estimated charges exceed a specified threshold amount. Userscan also use CloudWatch to monitor their Reserved Instance (RI) or Savings Plans utilization and coverage, and receive notifications when they fall below a certain level.

 Cloud Cost And Usage Budgets - AWS Budgets, What is Amazon CloudWatch?, Creating a billing alarm - Amazon CloudWatch