Fault diagnostics utilize an embedded tracking digital twin of a valve assembly physical part in a microprocessor system of the valve positioner. The digital twin has simulation model parameters including a fault-related simulation model parameter. The digital twin receives a control signal representing a real control of the at least part of the valve assembly, and generates simulated measurements relating to the simulated control result. The digital twin compare the simulated measurements with real measurements that relate to the real control result, to track an error between the results of simulated operation and the real operation of the valve assembly to adjust the fault-related simulation model parameter in a sense that the error is decreased. The fault-related simulation model parameter relates to a specific physical fault in the physical part of the valve assembly, and it is detectable and identifiable based on the simulation model parameter adjusted value.