Do IT training costs include everything for example cost of the trainer time of

Do it training costs include everything for example

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Do IT training costs include everything — for example, cost of the trainer, time of the trainees, room hire, audiovisual equipment and fees to a service provider? How should the cost of not providing training be accounted for? "Enterprise boundaries" expands the concept of a holistic view to include the explicit determination of where costs move when they leave the IT cost center, because IT costs usually increase when they're dispersed across the enterprise. Another implication of enterprise boundaries is that IT costs are often affected by external factors, such as supply chain, customer demands, government regulation and the economy. "Over time" refers to the life cycle perspective of TCO, because the cost of assets changes over time. There are front-end costs, such as procurement and training, and back-end costs, such as replacements, upgrades, retirement and disposal. TCO is expressed as an annualized steady- state cost in which multiyear investments are amortized (divided by their depreciation period) into one-year allocations (labor costs, by their nature, are annual costs). Large projects that create an interruption in the steady-state operations are best treated as separate cost analyses. These are key reasons why TCO and budgets aren't the same. 4.0 Mandatory Elements Required to Create a TCO Assessment Regardless of the objective of the analysis, several mandatory elements must be included for the analysis to qualify as a Gartner TCO: Identify the domain or activity for which an annual TCO is required (for example, distributed computing, telecommunications or data center), or to make a specific decision, such as, "Will server consolidation really save us money?" Develop a chart of accounts, which is a list of cost elements that refers to TCO as defined above. For IT costs, this must include or evaluate the following: Direct cost elements relating to assets or activities that are relevant to the analysis; for example: Client, server, storage and all peripheral hardware costs Software and related support costs Maintenance and development costs Networking and communications costs IT operations and support costs Associated IT management and administrative costs
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