How to Calculate the Total Cost of Ownership (TCO)? Definition and Examples
Total Cost of Ownership (TCO) often comes up when talking about IT management, but not everybody knows its full utility. Most of the time, the cost of an IT asset is only associated with its purchase or licensing fee. However, that’s not the only expense you should consider. There are several associated costs that affect the TCO – such as maintenance, support, and guarantee. So, it is particularly useful as it gives you a clear picture of how much you are investing in your assets.