Cost optimization includes the ability to increase business value and minimize risk while reducing the cost of running a business. You need to plan by estimating budget and forecasting expenditure. To realize cost gain, you need to implement a cost-saving plan and closely monitor your expenditure.

You can follow several principles that help you achieve cost optimization. The following sections talk about the common design principles that help you to optimize cost. You will find that all cost optimization design principles are closely related and complement each other.