The “total value of opportunity” (TVO) approach uses the traditional language of business to measure IT investments. TVO determines the business value of an IT investment, and includes the important factors of risk, time and conversion effectiveness. IT people talking about the business is not the same as business people. IT vendors and users can generally exploit a concept like total cost of ownership (TCO) well, because much more of what’s measured in a TCO analysis is “owned” by the IT organization.”]
Source: https://www.csoonline.com/article/2116031/the-total-value-of-opportunity-approach.html