From the course: CompTIA Security+ (SY0-601) Cert Prep: 6 Cloud Security Design and Implementation
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Cost-benefit analysis
From the course: CompTIA Security+ (SY0-601) Cert Prep: 6 Cloud Security Design and Implementation
Cost-benefit analysis
- [Narrator] Organizations planning a move to the cloud should conduct a cost-benefit analysis to assist with their decision. A cost-benefit analysis lists all of the benefits associated with the decision alongside of their corresponding costs. In its most basic form, a cost-benefit analysis might be strictly quantitative, simply adding up the financial benefits of a change and subtracting the associated costs to determine whether the decision will be profitable or not. Organizations planning a small cloud move may perform a simple cost analysis that compares only the direct cost of each option. For example, if building a website on-premises would require $15,000 of equipment, and that equipment has a five-year life cycle, the expected cost of operating the website is approximately $3,000 per year. If the cloud costs associated with running the same website are lower, then the decision makes financial sense. As…
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