3 A B C D E F G H I J K L M N O P Q R S T U V W Y

Total Cost of Ownership

Total Cost of Ownership (TCO) is an upfront estimate of all costs associated with an asset over its entire life cycle, including acquisition costs, operating costs and insurance, security, and financing costs. As well as IT systems, TCO can apply to products from all sectors – in the automotive industry, for example, it outlines the cost of owning a vehicle from the purchase, through its maintenance, and finally its sale as a used car.