Management Glossary

  Search Results: total cost of ownership
total cost of ownership
Typically abbreviated as TCO, it goes beyond the purchase price of a particular item to include all costs that must be incurred to use the item over time. Among others, costs considered in TCO include installation, maintenance, customization and management expenditures. TCO is often quoted and/or discussed by information technology vendors, particularly vendors delivering higher sticker prices, but lower TCOs.
Contributed by: Managerwise Staff

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