Starting with a total cost of ownership (TCO) of an OpenStack cloud, we examine the strategic tuning knobs you have available to provide the best solution for your organization. We will introduce the TCO model, as well as using standard financial accounting practices to build a basis for calculating the hidden costs of your OpenStack cloud.
The presentation will provide a basic overview of the accounting principles required, but to get the most out of the model, it helps if you share and talk through with your finance team.
A few months ago, for our own internal use, we started a project to calculate what it costs to run an OpenStack-based private cloud. More specifically, the total cost of ownership (TCO) over the years of its useful life. We found the exercise extremely complex and time consuming, as we had to gather all of the inputs, decide on assumptions, vet the model and inputs, etc. So, in addition to results, we’re offering up a few lessons we learned along the way, and hopefully save the attendees a scar or three when they want to create their own TCO model.