Limit AWS-Lambda budget

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AWS Lambda seems nice for running stress tests.

I understand that is it should be able scale up to 1000 instances, and you are charged by 0.1s rather than per hour, which is handy for short stress tests. On the other hand, automatically scaling up gives you even less control over costs than EC2. For development having explicit budget would be nice. I understand that Amazon doesn't allow for explicit budgets since they can bring down websites in their moment of fame. However, for development having explicit budget would be nice.

Is there a workaround, or best practices for managing cost of AWS Lambda services during development? (For example, reducing the maximum time per request)

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