Cost (ITILv3):    The amount of money spent on a specific Activity, IT Service, or Business Unit. Costs consist of real cost (money), notional cost such as people's time and Depreciation.

See also: Accounting

Cost (ITILv2):    Amount of expenditure, actual or notional, attributable to a specific activity, service or business unit. When considering pricing, the cost may be the full cost, calculated as a total cost of ownership, including depreciation and planned renewal, or the marginal cost of providing the service now, based upon the investment already made.

See also: Financial Management for IT Services

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