Total value of ownership
Total value of ownership or total value of opportunity, is a methodology of measuring and analyzing the business value of IT investments. Gartner Group designed this methodology in 2003.
TVO differs from total cost of ownership in that TVO considers the benefits of alternative investments. It is a comparative measurement that evaluates the TCO and any additional benefits, such as the mobility of laptops when compared to desktop computers. As part of the publicly funded "Pfleg!E-mobil" project, a Total Value-of-Ownership model was developed for the use of electric vehicles in outpatient care, which not only includes the relevant cost categories but also categories covering the potential benefits from using electric vehicles in outpatient care.
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