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Total Cost of Ownership has been in place for some time. Please help us help you to implement it in your organization.
Total Cost of Ownership Strategic Asset Management
Providing Information, Education, Standards, and Consulting in support of your TCO implementation
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TCO-SAM
What is TCO?
A holistic approach to maximizing return on investment of managed physical assets includes the summation of all known and estimated costs to have first, recurring, renewal/replacement, and end-of-useful life costs revised at critical decision points to aid in life-cycle asset management decisions. [APPA TCO]
What is SAM?
Strategic Asset Management is a long-term approach to managing one’s facility assets whether vertical or horizontal. It typically involves developing an information-based decision-making process that affects an organization for the next 25 years.
Why TCO-SAM
The fundamental changes required for most institutions to implement a life cycle-oriented APPA TCO approach are significant and should not be underestimated.
TCO-SAM provides your company with industry experts to support your transition from a first cost thinking to a TCO strategy.
TCO-SAM
Our Mission
Total Cost of Ownership – Strategic Asset Management (TCO-SAM) is being created to improve the understanding of the total cost of a facility to its owner over its life and to help make decisions throughout the life cycle that will lower those costs. TCO is a new approach for the AECOO industry, and therefore, information needs to be disseminated widely across the vertical and horizontal facets of the industry. We exist to help others implement a TCO strategy for their assets. tea euismod risus mauris fugiat suspendisse nulla pariatur.
Our Vision
Our vision is for the Architecture, Engineering, Construction, Owner Operator (AECOO) industry to fully implement a TCO strategy for all new and existing facilities in one’s portfolio. To ensure owners fully understand not only the first costs but also all other costs that will be incurred over the life of a facility and develop a decision support strategy to reduce the total cost of all assets.
Our Objectives
To help the AECOO industry understand the benefits of TCO through articles, interviews, case studies, and other examples of successful implementation of TCO.
To provide consulting services to architects, engineers, contractors, operators, and owners supporting implementing of a TCO strategy for managing assets.
To identify the significant advantage of implementing a TCO strategy in managing assets.
We Can Help You - You Can Help Us
While the APPA TCO Standard has brought together all the concepts needed for TCO and shows how they all relate, many aspects of TCO have been in place for some time yet vastly underused. If you have implemented or are implementing any aspects of TCO, we would like to use them as potential examples from which others may learn. We will work with you to scrub them so they won't be attributable to you (unless you want to take credit) and make them available to help others implement TCO in their organizations. Of course, no two organizations are the same, so each example will need to be adjusted. As this knowledge base builds, we hope it to be a significant resource for the promotion of TCO. We will also be available to help you in taking your next steps toward full TCO implementation.
Let us help you while you help us and fill out the form below.