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A Large Multinational Company Runs a Timesheet Application on AWS

question 133

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A large multinational company runs a timesheet application on AWS that is used by staff across the world. The application runs on Amazon EC2 instances in an Auto Scaling group behind an Elastic Load Balancing (ELB) load balancer, and stores data in an Amazon RDS MySQL Multi-AZ database instance. The CFO is concerned about the impact on the business if the application is not available. The application must not be down for more than two hours, but he solution must be as cost-effective as possible. How should the Solutions Architect meet the CFO's requirements while minimizing data loss?


Definitions:

Payback Period

The length of time required to recover the initial cost of an investment, highlighting the investment's risk and liquidity.

Modified Internal Rate

A version of the Internal Rate of Return (IRR) calculation that adjusts for changes in cash flows over the project's life, offering a more nuanced evaluation of profitability.

Discounting Approach

A financial strategy that determines the present value of future cash flows by applying a discount rate.

Discount Rate

It’s the interest rate used in the process of discounted cash flow analysis to evaluate the present value of anticipated future cash flows.

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