A Better Metric for the Value of a Worker Training Program

Harvard Business

We need to adopt something similar to a “total cost of ownership” (TCO) analysis. Now common in industry, TCO considers both direct and indirect costs over time. Applying a form of TCO to workforce programs makes sense because, instead of concentrating on inputs (in the form of spending), this approach emphasizes outcomes (in the form of long-term results). Generation is also developing tools to improve data collection and management.

TCO 39

5 Reasons CFOs Struggle with Financial Reporting (and How to Overcome the Challenges)

The Kini Group

On top of this, CFOs have been tasked with external auditor relationship management. It’s a lot to manage, and it’s easy to screw up. Operate at the highest standards possible, and commit thoroughly. As a result, the price tag – both upfront and TCO – is far lower than it was even a few years ago. Too Much Technology to Manage. That’s a lot of data management and organization to keep straight. Consistent data management requires a holistic approach.

TCO 37
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

5 Reasons CFOs Struggle with Financial Reporting and Analysis (and How to Overcome the Challenges)

The Kini Group

On top of this, CFOs have been tasked with external auditor relationship management. It’s a lot to manage, and it’s easy to screw up. Operate at the highest standards possible, and commit thoroughly. As a result, the price tag – both upfront and TCO – is far lower than it was even a few years ago. Too Much Technology to Manage. That’s a lot of data management and organization to keep straight. Consistent data management requires a holistic approach.

TCO 32

Procurement's Best-Priced Deal May Stifle Innovation

Harvard Business Review

Every single innovation conversation I've had recently with business unit leaders, product managers and/or marketing executives invariably focuses on the importance of partnership and collaboration with their best suppliers and vendors. Procurement couldn't help but manage its selection criteria differently if it operationally lived with the knowledge that getting the best-priced deal was no longer good enough. Innovation Operations Organizational culture

How I Learned the Hard Way That Aging Technology Is Expensive

Harvard Business Review

Then the family's CFO, my wife, who also happens to be a CPA, demanded to know their TCO. cost of improving the operating systems; unfortunately, the new OS could not be loaded from the internal CD drive and required an external DVD player, which cost $120. IT managementCompanies love to stretch out their investments in existing technology as long as possible, a policy whose faulty logic I recently rediscovered in my role as CIO.

CIO 12