7 Tips for Understanding the Total Cost of Ownership When Acquiring Applications

This information isn’t only necessary in identifying the licensing, but also the proper sizing for application and database servers.

3. Analyze the vendor proposal painstakingly. For items such as training and implementation services, understand the number of days being proposed and what roles or tasks will be performed by the vendor. Be careful of terminology like “the normal training days are X” or “the standard project management days are X.” Make sure the “typical” or “standard” days are sufficient for your project.