What is Total Cost of Ownership?
The complete cost of acquiring, deploying, and operating a technology over its lifetime.
Total Cost of Ownership (TCO) calculates the complete cost of a technology investment over its lifecycle, including acquisition costs, implementation, training, maintenance, support, upgrades, and eventual decommissioning. TCO is critical for transformation business cases because the initial purchase price of a tool is often a small fraction of its true lifetime cost.
Related terms
A structured document justifying a proposed initiative by analyzing costs, benefits, and risks.
Calculating the return on investment for transformation initiatives to justify continued funding.
The accumulated cost of deferred technology maintenance, upgrades, and modernization.
See Fygurs on your portfolio
One hour, with your initiatives. You leave with a first scored list.