Method and apparatus for assessing health of fracturing fluid pump assemblies and other wellsite equipment. For example, predicted data indicative of a first operational parameter of a pump assembly is generated utilizing: a model relating the first operational parameter to each of a plurality of second operational parameters of the pump assembly; and real-time data indicative of each of the second operational parameters. Health of the pump assembly is then assessed based on: the predicted data indicative of the first operational parameter; and real-time data indicative of the first operational parameter.