What is "Total Cost of Ownership" of an Information system ? Explain with the help of example.

Total Cost of Ownership (TCO) of an Information System refers to the comprehensive assessment of all direct and indirect costs associated with acquiring, deploying, maintaining, and eventually disposing of an information system over its entire lifecycle. The concept helps organizations evaluate the real value of their investments by considering not just the initial purchase costs but also the ongoing expenses and potential hidden costs.

### Components of TCO in an Information System

1. Acquisition Costs: These include the initial expenses of purchasing hardware, software, and licenses. It may also involve costs for consultants or developers during the implementation phase.

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