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Government efficiency: Measuring cost—Video

In the commercial world, companies measure the total cost of ownership. Should the federal government do the same?

When the federal government measures cost, it typically looks at functional costs, such as how much it costs to run an IT system. In the commercial world, however, companies have begun to look at the total cost of ownership over the life cycle of a project or acquisition, and the impacts of that ownership across the enterprise.

Watch this video to see John Goodman, chief operating officer of Accenture Federal Services and Stan Soloway, Professional Services Council president and CEO discuss how rethinking the measurement of costs can open new ways of doing business for the federal government, including shared services and new models of public-private partnerships.

Watch all of the videos in the series: