From the course: Cloud Computing: Understanding Core Concepts
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Understand total cost of ownership (TCO)
From the course: Cloud Computing: Understanding Core Concepts
Understand total cost of ownership (TCO)
- Before making an investment or a change, almost all organizations will ask for the total cost of ownership or TCO and the return on investment, or ROI. This means that a solid business case needs to exist before migration can begin, and it's been my experience that you need to create a TCO and/or ROI model that's able to stand up to scrutiny. I've also found that this is where IT often falls down, and that's a big oversight as these are value metrics by which you'll be measured. We need to understand operational impact and business impact when approaching this problem. This means creating three models, including a pure TCO, which has all of the cost calculations. TCO plus the transactional costs are the cost of migration. Finally, the ROI, which also includes full program costs versus value calculations. It's important that you understand the source and assumption of all of these costs and how you came to understand these figures. We need to understand what's important to data in…
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Contents
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Identify which apps to move2m 44s
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Identify which data to move1m 58s
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Understand total cost of ownership (TCO)3m 4s
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Cloud migration planning1m 47s
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Selecting cloud types2m 23s
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Selecting cloud deployment models1m 58s
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Security planning1m 50s
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Skills needed1m 58s
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