Engineering Cost and an Updated Action Item Overview
We are introducing Engineering Cost as a new metric to the platform to ensure your Engineering efforts are directly considered for your action items. You will also find an updated Action Item overview page that incorporates Engineering Cost and several new features.Actions Dashboard
Action Item Overview (formerly the Action Item Dashboard)
On the Action Item Overview, you will still find the % Optimal and Net Value metrics, along with their breakdowns. You will also see a histogram of a count of your action items by Net Value. You may select to see the Action Item Count by Provider Cost Savings, Performance Cost Savings, and Engineering Cost.
We are introducing Engineering Cost as a new metric to the platform to ensure your Engineering efforts are directly considered for your action items. Resolution Cost is a type of Engineering Cost that is attributable to resolving a task. Currently, Resolution Cost is the only supported Engineering Cost.
In addition to Engineering Cost (Resolution Cost), several key metrics are used across the Compute Software platform to ensure your business objectives, performance objectives, and engineering efforts are directly considered.
Key Metrics and Definitions
% Optimal - your Optimal Cloud Cost divided by your Current Cloud Cost. % Optimal is an indicator of how you are running today, and provides a tangible goal for what you can achieve.
Cloud Cost - Effective Provider Cost plus Performance Cost. Note: Current Cloud Cost is calculated with Compute Software’s optimal assignment of discounts.
Cloud Cost Savings - Effective Provider Cost Savings plus Performance Cost Savings.
Engineering Cost - cost attributable to performing a task, like validating the task or resolving the task. Currently, Resolution Cost is the only supported Engineering Cost.
Net Value - the annualized Cloud Cost Savings (Effective Provider Cost Savings plus Performance Cost Savings) from resolving an action item.
Performance Cost - cost attributable to non-perfect performance of your workloads and cloud resources. These costs are used to balance against provider costs for receiving optimal recommendations. The performance costs are based on the Business Criticality setting you choose and a resource’s utilization metrics (CPU, GPU, memory, storage, network, etc).
Provider Cost - cost attributable to the cloud provider, such as Amazon Web Services, Microsoft Azure, and Google Cloud. Effective Provider Cost is the cost attributable to the cloud provider, net of any discounts or reservations.
Resolution Cost - a type of Engineering Cost that is attributable to resolving a task.
Analyzed Services Summary
Under the Analyzed Services section, you will find the total number of action items, how many are Open, how many are In Progress, the action types to complete, and the number of action items older than two weeks.