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T › Total Cost of Ownership (TCO)

COV ITRM Glossary

Total Cost of Ownership (TCO)

Definition

(Context: General)


A calculation of the fully burdened cost of owning a component. The calculation helps consumers and enterprise managers assess both direct and indirect costs and benefits related to the purchase of IT components. For the business purchase of a computer, the fully burdened costs can also include such things as service and support, networking, security, user training, and software licensing.

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