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Health Ready Components are essential to unlocking the potential of Integrated Vehicle Health Management (IVHM) as it relates to real-time diagnosis and prognosis in order to achieve lower maintenance costs, greater asset availability, reliability and safety. IVHM results in reduced maintenance costs by providing more accurate fault isolation and repair guidance. IVHM results in greater asset availability, reliability and safety by recommending preventative maintenance and by identifying anomalous behavior indicative of degraded functionality prior to detection of the fault by other detection mechanisms. The cost, complexity and effectiveness of the IVHM system design, deployment and support depend, to a great extent, on the degree to which components and subsystems provide the run-time data needed by IVHM and the design time semantic data to allow IVHM to interpret those messages.