---
title: Add or edit a total cost of ownership record
description: Create a new entry for total cost of ownership \(TCO\) record to evaluate the cost of your business applications.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/application-portfolio-management/eaw-create-new-tco.html
release: australia
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Working with application Total Cost of Ownership \(TCO\), Managing Enterprise Architecture Workspace, Enterprise Architecture Workspace, Enterprise Architecture]
---

# Add or edit a total cost of ownership record

Create a new entry for total cost of ownership \(TCO\) record to evaluate the cost of your business applications.

## Before you begin

Role required: admin

## Procedure

1.  Navigate to **Workspaces** > **Enterprise Architecture Workspace**.

2.  Open the Portfolio List view by selecting the Portfolio icon \[Omitted image "portfolio-icon.png"\].

3.  Select the expand row icon \(\[Omitted image "ExpandIcon.png"\] Alt text: Expand Row icon\) next to **Application Portfolio**.

4.  Select **Total Cost of Ownership**.

5.  Add or edit a TCO record.

    -   To add a new TCO record, select **New**.
    -   To update details of an existing TCO record, select the information object.
6.  Select **New**.

7.  Fill in the form fields.

    For field information, see [Total cost of ownership form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/application-portfolio-management/new-tco-form.md).

8.  Select **Save**.


**Parent Topic:**[Working with application Total Cost of Ownership \(TCO\)](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/application-portfolio-management/eaw-work-with-tco.md)

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