We work in a business environment. While conceiving dreams of grand design in the conceptual phase of a project, it maybe a good idea to include the practical total cost of ownership. The total cost of ownership provides a clear way to define the cost of an asset throughout its life at the business. An asset can be anything from a software application (built or bought) to a new business process. A good article to review the calculation of the total cost of ownership can be found here.
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Welcome to the Healthcare IT Project Management Blog of Elyse Nielsen. This is the place where I share the ideas I have learned, the things I’d like to remember, and my thoughts for a brighter future. Find out more.
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