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The health of your equipment is critical to your company’s success. Asset health reporting is an excellent way to understand and convey the current health of your equipment in a very meaningful way.
If a condition monitoring (CM) technology identifies a failure condition on a machine,  then the asset health of the machine is usually flagged and considered “Red” to alert operators and management that the health of the machine is compromised. Multiple CM technologies may identify the same failure condition on the machine and this can be identified in the Asset Health report as well. This information can be used to convey a sense of severity. Also,  the information can be used to easily alert other individuals (other CM Analysts, the Reliability Engineer, the Planning and Scheduling Group, Management, etc.) that the machine is in an unhealthy condition and that maintenance efforts should be directed toward the machine.

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by Trent Phillips