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