{"id":66117,"date":"2023-06-21T10:55:58","date_gmt":"2023-06-21T14:55:58","guid":{"rendered":"https:\/\/jumpcloud.com\/?p=66117"},"modified":"2023-08-30T08:40:17","modified_gmt":"2023-08-30T12:40:17","slug":"it-tco-optimize-strategic-initiatives","status":"publish","type":"post","link":"https:\/\/jumpcloud.com\/blog\/it-tco-optimize-strategic-initiatives","title":{"rendered":"How to Analyze and Leverage IT TCO"},"content":{"rendered":"\n

Often, when we think cost<\/em>, we think price<\/em>. <\/em>But that\u2019s only part of the story. Total cost of ownership (TCO) encompasses not just initial costs, but all<\/em> the expenses associated with owning and supporting something over time. TCO is comprehensive, which makes it a far better indicator of total expenses than working with face-value prices alone. <\/p>\n\n\n\n

Calculating TCO can help you make better strategic decisions and find ways to do more with the IT you have. This blog explores the basics of analyzing your IT TCO and how to identify opportunities to create a more cost-efficient tech environment. <\/p>\n\n\n\n

Note:<\/em><\/strong> This blog assumes a basic understanding of how to calculate TCO \u2014 if you\u2019re not sure how to calculate TCO, we recommend starting with the <\/em>IT Professional\u2019s Complete Guide to Calculating TCO<\/em><\/a>.<\/em><\/p>\n\n\n\n

Calculating TCO<\/h2>\n\n\n\n

To conduct a strong TCO analysis, you\u2019ll need to start with the right figures and information. There are many ways to go about calculating IT TCO, and important elements like scope and time period can significantly change your analysis. Determining these elements at the start will help make sure your analysis shows you what you want to know.<\/p>\n\n\n\n

1. Start with a Goal: What Do You Want to Know?<\/h3>\n\n\n\n

First, determine what you want to learn by calculating TCO. TCO can help you analyze things like:<\/p>\n\n\n\n