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The most common cause of unplanned production loss is equipment failure. While on-line monitoring of critical process equipment is standard practice at facilities, monitoring of second tier equipment has traditionally been deemed cost-prohibited or too difficult. Second-tier equipment, also referred to as “essential assets” includes pumps, heat exchangers, blowers, non-critical compressors, pipes and vessels, cooling towers, and air cooled heat exchangers. While these assets may not have been originally classified as “critical”, an outage or failure can cause a serious process disturbance or shutdown, resulting in lost production, potential reportable safety or environmental incidents and fines. EAM software provides Condition Based Monitoring for real-time visibility to increase process availability and reliability.