Configure the Total Cost of Ownership of assets
concept australia Updated Sep 10, 2026 1 min read configure-ham-tco.md
Configure the Total Cost of Ownership (TCO) of assets by creating rate cards for each task in a Hardware Asset Management workflow.
Rate cards capture costs for a task or on the time consumed on the task.
- Create a task rate card in Hardware Asset Workspace
Create a task rate card to define the type of task and the method of calculating the associated costs. - Create a labor rate card in Hardware Asset Workspace
Create a labor rate card to record the time worked on a task and associate a rate to the task.
Parent Topic:Integrations and advanced configuration
Related topics
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--- title: Configure the Total Cost of Ownership of assets description: Configure the Total Cost of Ownership \(TCO\) of assets by creating rate cards for each task in a Hardware Asset Management workflow. locale: en-US canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/hardware-asset-management/configure-ham-tco.html release: australia product: Hardware Asset Management classification: hardware-asset-management topic_type: concept last_updated: "2026-09-10" reading_time_minutes: 1 breadcrumb: [Integrations and advanced configuration, Configure, Hardware Asset Management, IT Asset Management, Asset Management] --- # Configure the Total Cost of Ownership of assets Configure the Total Cost of Ownership \(TCO\) of assets by creating rate cards for each task in a Hardware Asset Management workflow. Rate cards capture costs for a task or on the time consumed on the task. - **[Create a task rate card in Hardware Asset Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/create-ham-task-rate-card.md)** Create a task rate card to define the type of task and the method of calculating the associated costs. - **[Create a labor rate card in Hardware Asset Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/create-ham-labor-task.md)** Create a labor rate card to record the time worked on a task and associate a rate to the task. **Parent Topic:**[Integrations and advanced configuration](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/integrations-advncd-configs.md) **Related topics** [Asset Total Cost of Ownership for Hardware Asset Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/asset-mgmt-tco.md) [Asset analytics view](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/asset-analytics-view.md)
| title | Configure the Total Cost of Ownership of assets |
| description | Configure the Total Cost of Ownership \(TCO\) of assets by creating rate cards for each task in a Hardware Asset Management workflow. |
| locale | en-US |
| canonical_url | https://www.servicenow.com/docs/r/australia/it-asset-management/hardware-asset-management/configure-ham-tco.html |
| release | australia |
| product | Hardware Asset Management |
| classification | hardware-asset-management |
| topic_type | concept |
| last_updated | 2026-09-10 |
| reading_time_minutes | 1 |
| breadcrumb | Integrations and advanced configurationConfigureHardware Asset ManagementIT Asset ManagementAsset Management |