Total cost of ownership | Article about Total cost of ownership by The Free Dictionary
TCO (redirected from Total cost of ownership)
Also found in: Dictionary
Total Cost of Ownership
TCO(1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI.
(2) The Swedish Confederation of Professional Employees, which certifies electronic devices that meet safety standards. TCO'92 certification requires greatly reduced magnetic field emission, energy efficiency as well as fire and electrical safety. TCO'95 added ergonomic and ecological requirements dealing with eyestrain and the use of certain materials in the manufacture and packaging. TCO'99 tightened the requirements of TCO'95. For more information, visit www.tco.se. See MPR II.
References in periodicals archive
It is important for health executives to consider creating a seven-year total cost of ownership
and an appropriately conservative financial benefits analysis prior to or in the early phases of implementing an advanced CIS.
Media removability and backward-compatibility dramatically reduce the need for frequent data migration, helping optical storage achieve an exceptionally low Total Cost of Ownership
, as low as one-tenth the cost of competing technology solutions.
Total cost of ownership
is a good measure to confirm that you are within budget but alone is not enough to receive management buy-in because the calculations do not include benefits.
The Input report on "Database Storage Solutions" concluded with a Total Cost of Ownership
calculation, taking account of: