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Spotlight on Total Cost of Ownership
Spotlight on Total Cost of Ownership
Published: 2012/05/16
Channel: Accenture Academy
What does TCO mean? Total Cost of Ownership in Fleetmanagement
What does TCO mean? Total Cost of Ownership in Fleetmanagement
Published: 2014/12/29
Channel: AMAG Group
Total Cost of Ownership
Total Cost of Ownership
Published: 2010/11/19
Channel: Quatere
Total Cost Of Ownership
Total Cost Of Ownership
Published: 2016/10/08
Channel: P&S Buddy
Total Cost of Ownership TCO: importance of understanding total cost - Procurement training
Total Cost of Ownership TCO: importance of understanding total cost - Procurement training
Published: 2012/03/19
Channel: procurementacademy
Was bedeutet TCO? Total Cost of Ownership im Fleetmanagement
Was bedeutet TCO? Total Cost of Ownership im Fleetmanagement
Published: 2014/12/29
Channel: AMAG Group
JLG: A Customer Story About Total Cost of Ownership
JLG: A Customer Story About Total Cost of Ownership
Published: 2017/01/16
Channel: JLG Industries
TESLA Model 3 TRUE Cost of Ownership Compared with a Honda Civic & BMW 3 Series
TESLA Model 3 TRUE Cost of Ownership Compared with a Honda Civic & BMW 3 Series
Published: 2017/11/17
Channel: Two Bit da Vinci
Quote Analysis and TCO (Total Cost of Ownership)
Quote Analysis and TCO (Total Cost of Ownership)
Published: 2013/12/25
Channel: iEDGE Learning
Supporting Total Cost of Ownership with Building Information Modeling
Supporting Total Cost of Ownership with Building Information Modeling
Published: 2014/12/01
Channel: Honeywell Buildings
Considering Total Cost of Ownership
Considering Total Cost of Ownership
Published: 2015/12/30
Channel: Skillofy Team
Total Cost of Ownership
Total Cost of Ownership
Published: 2014/07/22
Channel: Fulcrum ConsultingWorks, Inc
Kelley Blue Book Announces Inaugural Total Cost Of Ownership Award Winners
Kelley Blue Book Announces Inaugural Total Cost Of Ownership Award Winners
Published: 2012/02/08
Channel: Kelley Blue Book
Total Cost of Ownership
Total Cost of Ownership
Published: 2015/06/23
Channel: Paladin Healthcare
Understanding Total Cost of Ownership (TCO): Metrics and Models to Optimize Cost Savings- Webinar
Understanding Total Cost of Ownership (TCO): Metrics and Models to Optimize Cost Savings- Webinar
Published: 2014/09/19
Channel: AGRION Interviews
TCO - Total Cost Of Ownership - Gesamtkosten
TCO - Total Cost Of Ownership - Gesamtkosten
Published: 2015/12/30
Channel: Horst Lüning
Total Cost of Ownership
Total Cost of Ownership
Published: 2017/07/27
Channel: Gemma Pontin
Total Cost of Ownership - Thomas Built Buses
Total Cost of Ownership - Thomas Built Buses
Published: 2016/07/13
Channel: Thomas Built Buses
Optimizing Total Cost of Ownership for the AWS Cloud
Optimizing Total Cost of Ownership for the AWS Cloud
Published: 2014/03/28
Channel: AWS Online Tech Talks - Webinar Channel
True/Total Cost of Ownership (According To Rob)
True/Total Cost of Ownership (According To Rob)
Published: 2018/07/17
Channel: Robert Jefferson
Car Total Cost of Ownership Spreadsheet
Car Total Cost of Ownership Spreadsheet
Published: 2012/04/19
Channel: Engineering and Design Solutions
Total Cost of Ownership of Cloud Big Compute vs. On-Premises
Total Cost of Ownership of Cloud Big Compute vs. On-Premises
Published: 2017/11/02
Channel: Rescale, Inc.
Liquid Cooling Total Cost of Ownership calculation tool
Liquid Cooling Total Cost of Ownership calculation tool
Published: 2018/03/27
Channel: The Green Grid
Total Cost of Ownership of Network Cabling
Total Cost of Ownership of Network Cabling
Published: 2008/03/13
Channel: Siemon Company
What Does Aaron
What Does Aaron's Mean By Total Cost Of Ownership?
Published: 2016/07/18
Channel: Aaron's Rent to Own
TEK Talk Episode 5 - Total Cost of Ownership
TEK Talk Episode 5 - Total Cost of Ownership
Published: 2017/05/10
Channel: ThinKom
Excel Problem Solving 06 - What is the total cost of ownership of your car?
Excel Problem Solving 06 - What is the total cost of ownership of your car?
Published: 2015/08/29
Channel: shad sluiter
AmeriQuest Total Cost of Ownership Analysis
AmeriQuest Total Cost of Ownership Analysis
Published: 2014/08/21
Channel: AmeriQuest is now Corcentric
Ferrari 360 Cost Of Ownership Over 4 Years
Ferrari 360 Cost Of Ownership Over 4 Years
Published: 2017/08/18
Channel: superspeedersRob
Tesla cost of ownership
Tesla cost of ownership
Published: 2016/06/09
Channel: Sahil Malik
AWS re:Invent 2014 | (ENT301) Understanding Total Cost of Ownership on AWS
AWS re:Invent 2014 | (ENT301) Understanding Total Cost of Ownership on AWS
Published: 2014/11/18
Channel: Amazon Web Services
Reduce The Total Cost of Ownership, Optimize Your Service Supply Chain
Reduce The Total Cost of Ownership, Optimize Your Service Supply Chain
Published: 2018/03/13
Channel: Flash Global
Decreasing Your Total Cost of Ownership
Decreasing Your Total Cost of Ownership
Published: 2015/11/16
Channel: LANSA
Total Cost of Ownership - Audi A6 vs. Tesla Model S
Total Cost of Ownership - Audi A6 vs. Tesla Model S
Published: 2017/07/27
Channel: Brian M
Tesla Model S: Total Cost of Ownership TCO / Gesamtkosten
Tesla Model S: Total Cost of Ownership TCO / Gesamtkosten
Published: 2017/10/04
Channel: Horst Lüning
Total Cost of Ownership Tool for Electronic Equipment - EPA version
Total Cost of Ownership Tool for Electronic Equipment - EPA version
Published: 2015/05/16
Channel: Robert McMillen
Reduce Enterprise Total Cost of Ownership: Go Cloud Native with G Suite (Google Cloud Next ‘17)
Reduce Enterprise Total Cost of Ownership: Go Cloud Native with G Suite (Google Cloud Next ‘17)
Published: 2017/03/17
Channel: Google Cloud Platform
MAPO - Total Cost of Ownership, Service Cost & Maintenance Cost
MAPO - Total Cost of Ownership, Service Cost & Maintenance Cost
Published: 2015/01/28
Channel: Mapo Software Solutions
Camfil Low Energy Air Filters - Total Cost of Ownership
Camfil Low Energy Air Filters - Total Cost of Ownership
Published: 2013/05/13
Channel: Camfil UK
AirFree® Fluid Dispensing Delivers the Lowest Total Cost of Ownership
AirFree® Fluid Dispensing Delivers the Lowest Total Cost of Ownership
Published: 2014/03/17
Channel: Fishmancorp
Total Cost of Ownership
Total Cost of Ownership
Published: 2018/04/19
Channel: TDSIAccessEverywhere
TCO, Total Cost of Ownership explained. What you need to know about UPS TCO.
TCO, Total Cost of Ownership explained. What you need to know about UPS TCO.
Published: 2017/01/09
Channel: EatonVideos
Calculate Total Cost of Ownership with TCO Tracker Printer
Calculate Total Cost of Ownership with TCO Tracker Printer
Published: 2012/03/19
Channel: tomsterob
How to slash total cost of ownership - “Show me the money!” - interactive webinar by Amdocs Optima
How to slash total cost of ownership - “Show me the money!” - interactive webinar by Amdocs Optima
Published: 2018/07/18
Channel: Amdocs
Future Proof Retail Lighting For The Lowest Total Cost of Ownership
Future Proof Retail Lighting For The Lowest Total Cost of Ownership
Published: 2016/07/13
Channel: Acuity Brands Inc.
Total Cost of Owenership TCO
Total Cost of Owenership TCO
Published: 2008/06/20
Channel: collierat
TCO in Practise = Total Cost of Ownership in Practise
TCO in Practise = Total Cost of Ownership in Practise
Published: 2015/11/23
Channel: Dustin Mattison
Manitou Total Cost of Ownership - TCO
Manitou Total Cost of Ownership - TCO
Published: 2018/01/25
Channel: Agro Technic
Subaru: The Lowest Total Cost of Ownership
Subaru: The Lowest Total Cost of Ownership
Published: 2015/02/11
Channel: Subaru Industrial Power
Minimize your total cost of ownership with Alfa Laval T8
Minimize your total cost of ownership with Alfa Laval T8
Published: 2014/12/10
Channel: Alfa Laval
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WIKIPEDIA ARTICLE

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  (Redirected from Cost of ownership)
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Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs.

For manufacturing, as TCO is typically compared with doing business overseas, it goes beyond the initial manufacturing cycle time and cost to make parts. TCO includes a variety of cost of doing business items, for example, ship and re-ship, and opportunity costs, while it also considers incentives developed for an alternative approach. Incentives and other variables include tax credits, common language, expedited delivery, and customer-oriented supplier visits.

Use of concept[edit]

TCO, when incorporated in any financial benefit analysis, provides a cost basis for determining the total economic value of an investment. Examples include: return on investment, internal rate of return, economic value added, return on information technology, and rapid economic justification.

A TCO analysis includes total cost of acquisition and operating costs as well costs related to replacement or upgrades at the end of the life cycle. A TCO analysis is used to gauge the viability of any capital investment. An enterprise may use it as a product/process comparison tool. It is also used by credit markets and financing agencies. TCO directly relates to an enterprise's asset and/or related systems total costs across all projects and processes, thus giving a picture of the profitability over time.

Computer and software industries etc[edit]

TCO analysis was popularized by the Gartner Group in 1987.[1] The roots of this concept date at least back to the first quarter of the twentieth century.[2] Many different methodologies and software tools have been developed to analyze TCO in various operational contexts.

TCO is applied to the analysis of information technology products, seeking to quantify the financial impact of deploying a product over its life cycle. These technologies include software and hardware, and training.

Technology deployment can include the following as part of TCO:

  • Computer hardware and programs
    • Network hardware and software
    • Server hardware and software
    • Workstation hardware and software
    • Installation and integration of hardware and software
    • Purchasing research
    • Warranties and licenses
    • License tracking - compliance
    • Migration expenses
    • Risks: susceptibility to vulnerabilities, availability of upgrades, patches and future licensing policies, etc.
  • Operation expenses
    • Infrastructure (floor space)
    • Electricity (for related equipment, cooling, backup power)
    • Testing costs
    • Downtime, outage and failure expenses
    • Diminished performance (i.e. users having to wait, diminished money-making ability)
    • Security (including breaches, loss of reputation, recovery and prevention)
    • Backup and recovery process
    • Technology/user training
    • Audit (internal and external)
    • Insurance
    • Information technology personnel
    • Corporate management time
  • Long term expenses
    • Replacement
    • Future upgrade or scalability expenses
    • Decommissioning

In the case of comparing TCO of existing versus proposed solutions, consideration should be put toward costs required to maintain the existing solution that may not necessarily be required for a proposed solution. Examples include cost of manual processing that are only required to support lack of existing automation, and extended support personnel.

Facilities and built environment[edit]

Total cost of ownership can be applied to the structure and systems of a single building or a campus of buildings. Pioneered by Doug Christensen and the facilities department at Brigham Young University starting in the 1980s, the concept gained more traction in educational facilities in the early 21st century.[3]

The application of TCO in facilities goes beyond the predictive cost analysis for a new building’s “first cost” (planning, construction and commissioning), to factor in a variety of critical requirements and costs over the life of the building:

  • replacement of energy, utility, and safety systems;
  • continual maintenance of the building exterior and interior and replacement of materials;
  • updates to design and functionality;
  • and recapitalization costs.

A key objective of planning, constructing, operating, and managing buildings via TCO principals is for building owners and facility professionals to predict needs and deliver data-driven results.  TCO can be applied any time during the life of a facility asset to manage cost inputs for the life of the structure or system into the future.[4]

Developing standards for TCO in facilities[edit]

APPA, an ANSI Accredited Standards Developer,[5] published APPA 1000-1 – Total Cost of Ownership for Facilities Asset Management (TCO) – Part 1: Key Principles as an American National Standard in December 2017. 

APPA 1000-1 provides financial officers, facility professionals, architects, planners, construction workforce, and operations and maintenance (O&M) personnel the foundation of a standardized and holistic approach to implementing TCO key principles. Implementation of TCO key principles can improve decision making, maximizing financial strategies over the life of an asset, starting at the planning and design stage and extends to the end of the asset's life.

APPA 1000-2, slated for publication in 2019, will focus on implementation and application of key TCO principals in facility management.

Transportation industry[edit]

The TCO concept is easily applicable to the transportation industry. For example, the TCO defines the cost of owning an automobile from the time of purchase by the owner, through its operation and maintenance to the time it leaves the possession of the owner. Comparative TCO studies between various models help consumers choose a car to fit their needs and budget.

Some of the key elements incorporated in the cost of ownership for a vehicle include:[6]

See also[edit]

References[edit]

  1. ^ About Gartner TCO
  2. ^ TCO: What's Old is New
  3. ^ Christensen, Douglas K.; Rose, Rodney; Ruprecht, Terry W. (2006). Buildings…The Gifts That Keep on Taking. APPA. ISBN 1-890956-37-6. 
  4. ^ "The Total Cost of Ownership" (PDF). Facilities Manager. Volume 32, No 4. July–August 2016. 
  5. ^ "Accredited Standards Developers" (PDF). 
  6. ^ What that car really costs to own

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