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

 Release :

    - yokohama

ft:locale :

    - en-US

ft:publication_title :

    - Yokohama IT Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Create Calculated lifecycle templates in the Hardware Asset Workspace

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

* Release version: Yokohama
* 
* Updated January 30, 2025
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

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

## Before you begin

Role required: asset

## Procedure

1. Navigate to WorkspacesHardware Asset WorkspaceAsset Operations.
2. From the Hardware asset normalization list, select Calculated lifecycle templates.  
   The list of existing Calculated lifecycle templates is displayed.
3. Select New.
4. On the form, fill in the fields.  
   {#create-calc-model-lc-temp-ham__table_mz4_r1x_mdc__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-calc-model-lc-temp-ham__table_mz4_r1x_mdc}
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-calc-model-lc-temp-ham__ul_zjf_z1x_mdc}
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-calc-model-lc-temp-ham__substeps_e5q_hbx_mdc}  
   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 a hardware model with a Calculated lifecycle template](https://www.servicenow.com/docs/WNTdx2Pibo0vivYF~il8cA "Associate a hardware model with a Calculated lifecycle template to populate the lifecycle details of the model automatically.").

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