Total Cost of Ownership
The full lifetime cost of an asset, net of residual value.
Overview
TCO totals acquisition, installation, energy, labour, parts, services, downtime, insurance, compliance and financing, and subtracts residual value. It shows the total and cost per year owned.
When to use total cost of ownership
- You compare keeping versus replacing.
Step by step
Permissions
These permission keys control access (granted to roles in Administration → Roles & Permissions):
- assets.reliability.read
Automation
- Changes on this screen are written to the asset audit trail and the asset timeline.