---
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: "2026-03-12"
reading_time_minutes: 6
breadcrumb: [Use, 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.
-   **[Create a TCO report in Hardware Asset Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/create-ham-tco-report.md)**  
Create your own Total Cost of Ownership \(TCO\) report to compare the actual or projected TCO of multiple assets or compare the actual or projected asset TCO with the benchmark cost of the hardware model.

**Parent Topic:**[Using Hardware Asset Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/hardware-asset-management/using-ham-classic.md)

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[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)