{"id":12017,"date":"2013-01-01T10:18:12","date_gmt":"2013-01-01T10:18:12","guid":{"rendered":"https:\/\/www.techopedia.com\/definition\/it-cost-transparency\/"},"modified":"2013-01-01T11:42:29","modified_gmt":"2013-01-01T11:42:29","slug":"it-cost-transparency","status":"publish","type":"definition","link":"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency","title":{"rendered":"IT Cost Transparency"},"content":{"rendered":"<h2><span id=\"what_does_it_cost_transparency_mean\">What Does IT Cost Transparency Mean?<\/span><\/h2>\n<p>IT cost transparency is a branch of IT management that combines finance and management accounting principles with the acquisition, maintenance and deployment of IT products and services used by large and small organizations.<\/p>\n<p>IT cost transparency factors include licensing costs, IT personnel\/labor, asset management and project portfolio management (PPM).<\/p>\n<h2><span id=\"techopedia_explains_it_cost_transparency\">Techopedia Explains IT Cost Transparency<\/span><\/h2>\n<p>As businesses mature, many discover the need to keep proper track of IT-related expenses. This allows a business to plan its IT growth, allocate sufficient business component resources and identify and address areas requiring improvement.<\/p>\n<p>IT cost transparency is often implemented through a specialized tool that measures multiple factors, such as software utilization, cost upon purchase and return on investment (ROI). Individuals that execute IT cost transparency processes should have a thorough understanding of accounting or business management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Does IT Cost Transparency Mean? IT cost transparency is a branch of IT management that combines finance and management accounting principles with the acquisition, maintenance and deployment of IT products and services used by large and small organizations. IT cost transparency factors include licensing costs, IT personnel\/labor, asset management and project portfolio management (PPM). [&hellip;]<\/p>\n","protected":false},"author":7813,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"definitioncat":[229,230],"class_list":["post-12017","definition","type-definition","status-publish","format-standard","hentry","definitioncat-infrastructure-management","definitioncat-privacy-and-compliance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is IT Cost Transparency? - Definition from Techopedia<\/title>\n<meta name=\"description\" content=\"This definition explains the meaning of IT Cost Transparency and why it matters.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT Cost Transparency\" \/>\n<meta property=\"og:description\" content=\"This definition explains the meaning of IT Cost Transparency and why it matters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta property=\"article:modified_time\" content=\"2013-01-01T11:42:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency\"},\"author\":{\"name\":\"Margaret Rouse\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/f5dd538e31ee352d105b8af36c4268a5\"},\"headline\":\"IT Cost Transparency\",\"datePublished\":\"2013-01-01T10:18:12+00:00\",\"dateModified\":\"2013-01-01T11:42:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency\"},\"wordCount\":142,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency#respond\"]}],\"articleSection\":\"\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency\",\"url\":\"https:\/\/www.techopedia.com\/definition\/27221\/it-cost-transparency\",\"name\":\"What is IT Cost Transparency? 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