Total benefits of ownership (TBO) is a calculation that tries to summarise the positive effects of the acquisition of a plan.
TBO is a financial estimate intended to help buyers and owners determine the direct and indirect benefits of a product or system.
It helps to identify important areas which a business should be focusing on, as well as uncovering the hidden aspects of the decisions made by the firm.
TCO aims to minimize the total cost of the business, whereas TBO targets the maximum value of the project.
This analysis not only serves as a tool to reduce cost but also as a way to plan the future of the business, in a more detailed and sophisticated way.