1. General: Estimate of all direct and indirect costs associated with an asset or acquisition over its entire life cycle.
2. Computer systems: Total of direct capital investment in hardware and software plus indirect costs of installation, training, repairs, downtime, technical support, and upgrading. Also called cost of ownership or ownership cost.
Use 'total cost of ownership (TCO)' in a Sentence
It is important that you are aware what the total cost of ownership will be when you are making a major purchase.
We had to determine the total cost of ownership of it because it was important information that we needed to know.
You need to understand what the total cost of ownership will be any time you are thinking of making a major purchase.
You Also Might Like...
