What is the term used to describe the cost of the solution after the solution has been implemented in production by a vendor?
What is the term used to describe the cost of the solution after the solution has been implemented in production by a vendor?
The term used to describe the cost of the solution after the solution has been implemented in production by a vendor is 'Total cost of ownership'. This encompasses not just the initial acquisition costs, but also the costs of using and maintaining the solution over its entire lifecycle. These include operational expenses, maintenance, upgrades, and support costs. Thus, it provides a comprehensive view of the overall expenses associated with a solution after deployment.
D is correct: The total cost of ownership (TCO) is the cost to acquire a solution, the cost of using the solution, and the cost of supporting the solution for the foreseeable future, combined to help understand the potential value of a solution.
This is the cost of supporting and maintaining the solution
Total cost of ownership is total cost of purchasing and operating a delivered technology product. It evaluates costs that does not reflect in upfront pricing of the same technology
Total cost of ownership
he total cost of ownership (TCO) is the cost to acquire a solution, the cost of using the solution, and the cost of supporting the solution for the foreseeable future, combined to help understand the potential value of a solution. In the case of equipment and facilities, there is often a generally agreed to life expectancy. However, in the case of processes and software, the life expectancy is often unknown. Some organizations assume a standard time period (for example, three to five years) to understand the costs of ownership of intangibles like processes and software
10.20.3 .2 Total Cost of Ownership (TCO) Babok(p.275)
Question is weirdly phrased. It specifies cost of the solution AFTER the solution has been implemented. Though TCO is not only AFTER the solution is implemented...
BABOK PG 275
The question is not clear, need to remove from the list.