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Sandia National Laboratories: Prognostics and Health Management
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See our disclaimer. Prognostics and health management PHM is an advanced approach to minimize maintenance costs while maximizing operational availability and utilization of critical systems. PHM seeks to develop sensor hardware and algorithms to detect anomalies, diagnose problems that cause the anomalies, and compute a probability distribution of time to failure.
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Given this distribution along with operational constraints and objectives for the system, maintenance activities can be scheduled to achieve the optimal cost and utilization. Failure Prediction to Optimally Balance Maintenance and Operations Maintenance of critical systems is clearly important, but it also entails significant costs in terms of parts, labor, and loss of operational availability.
Why is PHM important? PHM can lower maintenance costs while increasing operational availability and utilization: PHM has the potential to save billions of dollars in maintenance and operation costs to the U.