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Glossary
Unit Cost

The cost of providing a single item. #FinancialManagement #CostModels #Costs


Glossary
Variable Costs

Costs that are based on usage or other variables, and may include office supplies, paper, etc. #CostModels #Costs #FinancialManagement


Glossary
Definitive Software Library (DSL)

One or more locations in which the definitive and approved versions of all software CIs are securely stored. The DSL may also contain associated CIs, such as licenses and documentation. The DSL is a single logical storage area, even if there are multiple locations. All software in the DSL is...



Glossary
Optimization

Establishing a quantitative goal based on the best performance with respect to some appropriate selection criteria. For example, with respect to cost, the optimum response time is likely not the fastest possible response time. #FinancialManagement #WorkforceManagement ...


Glossary
Operating Costs

Expenses that provide no valued assets. See OpEx . #BusinessAlignment #FinancialManagement #CostModels #Costs


Glossary
Capital Expenditure (CapEx)

Investment in non-consumable assets, such as equipment. #BusinessAlignment #AssetManagement #ITSM #CostModels #Costs #FinancialManagement


Glossary
Opportunity Cost

A cost calculation that is used when deciding between investment choices. Opportunity cost represents the revenue that would have been generated by using the resources in a different way. For example, the opportunity cost of purchasing a new server may include the loss of interest that the money...


Glossary
Operating Expenses (OpEx)

Expenses that provide no valued assets to the enterprise, such as sales and administration (salaries). See also, CapEx #FinancialManagement #BusinessAlignment #Costs #CostModels


Glossary
Dynamic Answer

An ACD feature that automatically reconfigures the number of rings before the system answers calls, based on real-time queue information. Since costs don’t begin until the ACD answers calls, this feature can save callers or the call center money when long-distance charges apply. #Technology...