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Definitions Edit

Financial systems Edit

Total cost of ownership (TCO) is

the true cost of ownership of a PC or other technology system. TCO includes Original cost of the computer and software; Hardware and software upgrades; Maintenance; Technical support; and Training.[1]

General Edit

Total cost of ownership (TCO) is

[a] model that helps IT professionals understand and manage the budgeted (direct) and unbudgeted (indirect) costs incurred by acquiring, maintaining, and using an application or a computing system. The TCO normally includes training, upgrades, and administration as well as the original purchase price.[2]

U.S. government systems Edit

Total cost of ownership (TCO) is

all associated data-center-related activities and costs without regard to ownership, project association, or funding line.[3]

References Edit

  1. FFIEC IT Examination Handbook, Operations, Appendix B: Glossary (full-text).
  2. Information Technology Security Handbook, Annex 1, Glossary.
  3. Information Technology: OMB and Agencies Need to More Effectively Implement Major Initiatives to Save Billions of Dollars, at 17 n.27.

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