http://kb.vmware.com/kb/2005129 – This video discusses and demonstrates how to convert a physical machine into a virtual machine which will run on VMware Fusion, Workstation or Player.
During the course of this video you will specifically see:
1. How to download and install VMware vCenter Converter Standalone
2. How to convert a physical machine running a Windows operating system
For additional instructions and information on how to create a new virtual machine from the converted virtual disk files, check out VMware Knowledge Base article 2005129.