Managing Information Systems and Communication Technology Presenters: Tim Stoik & Ethan Turenne What to Leave With An understanding of Total Cost of Ownership (TCO) and why it is a big deal when Managing Information Systems and Communication Technology
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Source: study Conducted by the University of Tennessee
Definition: TCO is a financial estimate designed to help consumers and enterprise managers assess direct and indirect costs related to the purchase of any capital investment, such as (but not limited to) computer software or hardware.
TCO is a major factor in every companies budget. Using and understanding TCO right will make or break an Organization in the long run. TCO is very critical when there are mass purchases of computers or software in the organization. Know the facts about a product and chose wisely.