Total Cost of Ownership (TCO)
Total cost of ownership (TCO) is an analysis of the true total cost of a capital acquisition through its life cycle. This cost includes each phase of ownership including purchasing and operating costs as well as costs related to replacement or upgrades at the end of the life cycle.
At Chaffey, TCO focuses primarily on initial and on-going operating costs. TCO is used to inform institutional planning and budgeting. The two primary areas for which the TCO is applied is facilities and technology.
