Cost Analysis
Cost analysis is a systematic process of evaluating and estimating the expenses associated with a project, product, or service to inform decision-making and resource allocation. It involves identifying, quantifying, and analyzing direct and indirect costs to determine financial feasibility, optimize budgets, and measure return on investment. In software development, this includes assessing development, deployment, maintenance, and operational costs across infrastructure, tools, and personnel.
Developers should learn cost analysis to make informed technical decisions that align with business objectives, such as choosing cost-effective cloud services, optimizing resource usage, and justifying technology investments. It is crucial for roles involving budgeting, project planning, or DevOps to manage expenses in cloud computing, software licensing, and team productivity, ensuring sustainable and scalable solutions.