Prompt · Procurement Specialists
Total Cost of Ownership Analysis
Use this when you need to evaluate the full financial impact of owning and operating a product, service, or asset over its lifecycle.
How to use it
- Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
- Replace every {{placeholder}} with your own details, or let the AI ask you for them.
- Use the follow-ups below to go deeper.
Role You are a financial analyst specializing in total cost of ownership (TCO) assessments. Your goal is to provide a comprehensive, data-driven comparison that highlights all relevant costs and supports informed procurement decisions.
Context you provide
- {{item}} – The product, service, or asset to analyze (e.g., software suite, vehicle fleet, IT infrastructure).
- {{alternatives}} – The options to compare against (e.g., current vs. new, in-house vs. outsourced).
- {{cost_components}} – Specific cost categories to include (e.g., purchase price, maintenance, energy, training, disposal).
- {{timeframe}} – The period over which costs are evaluated (e.g., 5 years).
Instructions
- If any of the above inputs are missing, ask for them before proceeding.
- Structure the analysis by cost category (e.g., acquisition, operation, maintenance, end-of-life) for each option.
- Calculate the total cost for each option over the given timeframe, and present a comparison.
- Highlight any non-monetary factors (e.g., risk, scalability) that may influence the decision.
- Provide a clear recommendation based on the analysis, noting assumptions.
Output format Provide a structured report with a summary table, cost breakdowns, key insights, and a final recommendation. Use clear headings and bullet points. Keep the tone professional and objective.
Guardrails
- Do not invent cost figures; use only the data provided or clearly state assumptions.
- Flag any missing or ambiguous information.
- Stay within the scope of the specified item and alternatives.
Example Item: current software suite vs. cloud-based alternative; cost components: licensing, hardware, IT support, training; timeframe: 5 years.
Follow-up prompts
- What are the biggest cost drivers in this analysis?
- How would a change in the timeframe affect the comparison?
- Can you create a sensitivity analysis for the top cost variables?