see TOTAL COST OF OWNERSHIP.
Total Cost of Ownership (of an IT system). A frequently used measurement to assess the total cost of maintaining (or investing in a new) IT system, including hardware, software, installation and maintenance services, and the associated cost of the business process(es) that the IT system supports.
(n.) total cost of ownership.
A figure representing how much it actually costs to own a PC. Typically includes original cost of the computer and software; hardware and software upgrades; maintenance; technical support; and training.
The acronym for Total Cost of Ownership (see below).
Total Cost of Ownership. Includes hardware, software, services and maintenance.
Model for calculating all of the expenses associated with deploying, maintaining, and troubleshooting technology in the workplace or educational setting. Strategic decisions on how to implement and control costs of technology can be made with this information. In education, these costs include professional development, support, connectivity, software, replacement costs, and retrofitting.
Total Cost of Ownership is a type of calculation designed to help consumers and enterprise managers assess both direct and indirect costs and benefits related to the purchase of any IT component. The intention is to arrive at a final figure that will reflect the effective cost of purchase, all things considered.
total cost of ownership; it is the complete consideration of how much a system will cost to implement and maintain over its entire life. With respect to the computer industry, some of these incurred costs could include annual support fees, hardware upgrades, hardware repairs, training, and possibly hiring of computer consultants or employing computer experts.
The cost to own a product throughout its life.
Total Cost of Ownership. A measure of the value of a product which factors in maintenance expenses as well as purchase price.
Total Cost of Ownership. A financial measure commonly used by enterprises to calculate total relevant costs of a particular project, such as investing in a SFA solution. TCO goes beyond the actual purchase price or cost of implementation and would include relevant costs such as administration, maintenance, support, software and training.
Total Cost of Ownership. Cost to purchase and maintain software over time.
Abbreviation for total cost of ownership.
Total Cost of Ownership, a model that helps IT professionals understand and manage the budgeted (direct) and unbudgeted (indirect) costs incurred for acquiring, maintaining and using an application or a computing system. TCO normally includes training, upgrades, and administration as well as the purchase price. Lowering TCO through single-point control is a key benefit of server-based computing.
Total Cost of Ownership, a mechanism used when deciding the computing platform to use in an organisation. The calculation oncludes not just the cost of acquiring the hardware and software, but any number of additional factors such as the cost of ongoing upgrades, maintenance charges and training required to enable staff to use the system.
