What is the most effective measure when determining the current health of your assets?

Acondition assessmentprovides a direct, objective evaluation of asset health—physical wear, functional capability, risk indicators—which is more accurate than indirect or historical metrics.

Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.2.3 – Condition and Performance Monitoring:

“Condition assessment provides the basis for understanding asset health and supports risk-based decision-making.”