Aaron Thompson - Terry Tullis

This presentation will explain the benefits of Total Cost of Ownership (TCO) and share key strategies on how to successfully determine TCO. TCO is an integrated approach to maximizing return on investment (ROI) by summing all known and estimated costs, including initial, operations & maintenance, utilities, renewal, and end-of-useful life expenses. TCO improves financial planning, budget analysis, and reporting, providing administrators insight into investment performance and future requirements. It identifies funding gaps and opportunities for cost reduction. Additionally, TCO fosters collaboration and cultural transformation within organizations by structuring asset cost considerations, essential for sustainable asset management in a dynamic environment.