A computer-implemented method of managing a machinery monitoring system is
provided. The method includes relating an asset output to at least one
asset input, generating at least one rule based on the relation,
selecting at least one of live asset data, historical asset data,
user-supplied asset data, and third party supplied asset data to test the
at least one rule, testing the at least one rule incrementally using the
selected asset data, and monitoring the output of the at least one rule
at each increment.