##  Overview
In this tutorial, you will learn how to import and update the total annual costs of applications using a Python script. Use this tutorial when completing an initial setup of your workspace or updating values in bulk.
Analyzing total annual costs can help identify inefficiencies in your organization's IT spending, enabling optimizations that can significantly reduce expenses. It also provides a clear view of IT investments, facilitating informed strategic decisions about resource allocation and budget planning.
**Note**
In the standard meta model configuration, the costTotalAnnual attribute is stored in the relation between an application and an IT component fact sheet.
