Alternative Selection – Total Value of Ownership

Strategy Driven

Alternative Selection Premium Strategic Planning strategydriven TCO total cost of ownership total value of ownershipMore and more prevalent in business case evaluations today is the concept of the total cost of ownership whereby organizations evaluate the collective expense associated with a given initiative or asset over its entire life.

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Complimentary Resource – The Truth About Mobile Business Intelligence: Five Common Myths Debunked

Strategy Driven

In fact, companies that choose the right solution, with the right capabilities, will realize low TCO and rapid ROI, while empowering their mobile users with the ability to access and interact with timely, complete corporate information from any smartphone or tablet. The Truth About Mobile Business Intelligence : Five Common Myths Debunked by Information Builders, Inc.

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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).

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

The Kini Group

As a result, the price tag – both upfront and TCO – is far lower than it was even a few years ago. No one likes financial reporting. There, I said it. Analysis, now sometimes that’s fun. But reporting? Always a chore. It takes mind-numbing amounts of focus and ends up just being a massive effort of copying and pasting numbers into the right columns and rows. It’s easy to screw up, and it makes your eyes cross ten minutes in. When you finally finish, you probably want a drink.

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

The Kini Group

As a result, the price tag – both upfront and TCO – is far lower than it was even a few years ago. No one likes financial reporting and analysis. There, I said it. Analysis, now sometimes that’s fun. But reporting? Always a chore. It takes mind-numbing amounts of focus and ends up just being a massive effort of copying and pasting numbers into the right columns and rows. It’s easy to screw up, and it makes your eyes cross ten minutes in. When you finally finish, you probably want a drink.

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Procurement's Best-Priced Deal May Stifle Innovation

Harvard Business Review

In the same way that acquisitive organizations have become more savvy about TCO — Total Cost of Ownership — they should rethink TCP: the Total Cost of Procurement. 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.

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. Companies 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. As chief information officer of my family, I had purchased two used 333 MHz iMac G3s with 160MB of RAM in Bondi blue for my children to play games on. Actually, "used" doesn't quite convey it: They cost $29 each.

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