Q Discuss ROI models and total cost of ownership metrics in use in the industry. Explain why ROI metrics are essential to the success of any IT/IS project or application
Total costs of ownership can be defined as the total costs involve in using, managing and disposing the resources by an individual or an organization. The cost minimization is one of the major targets for an organization as it allows the organization to maximize its profit. Now, while implementing a technology, sometimes a relatively cheaper technology would cost more in a long run.
