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Glossary
Total Cost of Ownership (TCO)

A financial calculation used to analyze the direct and indirect costs of owning and using hardware and software. #BusinessAlignment #FinancialManagement #BusinessValue


Glossary
Unit Cost

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


Glossary
Turnover

1) Labor turnover is the percentage of employees who leave a company or organization (through resignation, attrition or involuntary separation) during a given period; also, the number of employees hired to fill vacant positions during a given period, usually one year. 2) Financial turnover is...


Glossary
Vendor

A third-party, external company that supplies goods or services to the support center or customer. #BusinessValue #FinancialManagement #BusinessAlignment


Glossary
Variable Costs

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


Glossary
Vendor Management

Reviewing vendor performance and responsiveness through statistical problem reports. #BusinessAlignment #ITSM #BusinessValue #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
Financial Management

The active process of forecasting, budgeting, cost capture, and allocation to provide transparency into the nature and costs of IT services in order to justify IT spending and demonstrate competitive value. #FinancialManagement #ITSM #SupportOperations #KPI #CSF #ITIL


Glossary
Service Delivery

Core IT service management processes that have both a strategic and tactical focus. In ITIL ® , these are service level management , capacity management , IT service continuity management , availability management , and financial management for IT services. #ServiceDelivery #ITIL ...


Glossary
Return on Investment (ROI)

A financial calculation used to determine the time it will take to recover the costs of an investment (or payback period). #BusinessValue #BusinessAlignment #ROI #FinancialManagement