---
sourceDocument: Xanadu IT Asset Management
sourceDocumentLink: https://www.servicenow.com/docs/r/xanadu/it-asset-management

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu IT Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Create Calculated model lifecycle templates in the Enterprise Asset Workspace

# Create Calculated model lifecycle templates in the Enterprise Asset Workspace {#ariaid-title1}

* Release version: Xanadu
* 
* Updated August 1, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Create Calculated model lifecycle templates to manage the complete lifecycle of the models efficiently.

## Before you begin

Role required: sn_eam.enterprise_asset_manager

## Procedure

1. Navigate to WorkspacesEnterprise Asset WorkspaceAsset Operations.
2. From the Calculated model lifecycle list, select Calculated model lifecycle templates.  
   The list of existing Calculated model lifecycle templates is displayed.
3. Select New.
4. On the form, fill in the fields.  
   {#create-calculated-model-lc-template-eam__table_hrm_jcb_3bc__entry__2}

   | Field | Description |
   |-|-|
   | Name | Name of the Calculated lifecycle template. |
   | Description | Brief information about the template. |
   | Active | Option to indicate that the Calculated lifecycle template is available for use. |
   [Table 1. Create New Calculated Lifecycle Template form]

   {#create-calculated-model-lc-template-eam__table_hrm_jcb_3bc}
5. Select Save.  
   The Calculated Lifecycle formulas tab is displayed with the list of calculated lifecycle formulas for the following lifecycle phases:
   * End of Extended Support
   * End of Life
   * End of Sale
   * End of Support
   * End of General Availability
   {#create-calculated-model-lc-template-eam__ul_nrq_fkl_qbc}
6. Define the calculated lifecycle formula for a lifecycle phase.
   1. Select the calculated lifecycle formula.
   2. In the Phase start and Phase end fields, enter the number of months for calculating the start date and end date of the lifecycle phase.
   3. Select Save.

   {#create-calculated-model-lc-template-eam__substeps_wx4_hnl_qbc}  
   The calculated lifecycle formula is updated with the values that you entered in the Phase start and Phase end fields.

## What to do next

Associate the Calculated model lifecycle template with an enterprise model. For details, see [Associate an enterprise model with a Calculated model lifecycle template](https://www.servicenow.com/docs/Rj2PjixDo7HflgZiGFl8vQ "Associate an enterprise model with a Calculated model lifecycle template to populate the lifecycle details of the model automatically.").
**Related tasks**   

* [Associate an enterprise model with a Calculated model lifecycle template](https://www.servicenow.com/docs/Rj2PjixDo7HflgZiGFl8vQ "Associate an enterprise model with a Calculated model lifecycle template to populate the lifecycle details of the model automatically.")

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