Abstract: The health of components of an asset is proactively monitored. A sensor network provides a collection of metrics from a plurality of components of an asset. The collection of metrics includes a set of metrics corresponding to each component, and the set of metrics measures at least one operating characteristic, e.g. temperature, of the corresponding component. A component algorithm processing system receives the collection of metrics and determines a relationship between each set of metrics corresponding to each component and the collection of metrics corresponding to the plurality of components. The component algorithm processing system determines if the relationships indicate a health problem with at least one of the components. The metrics can be further analyzed to determine sensor faults, the remaining life, and the short-term and long-term health of each component. For example, the monitoring system can be applied to the plurality of planetaries on a light armored vehicle.