In one embodiment, a method for managing an industrial process wherein a processor transforms electronic data into an energy prognosis is provided. An energy related test signal including effective power test data indicative of electrical energy consumed by an energy consuming machine may be received. The energy related test signal may be partitioned into an energy related test sub-signal. Mathematical functions may be applied to the energy related test sub-signal to extract a feature set of data from the energy related test sub-signal. The feature set of data may be transformed with a transformation matrix into a reduced test feature set. The reduced test feature set may be input into a performance assessment algorithm based at least in part upon a reduced training feature set derived from data indicative of electrical energy consumed during healthy operation. A power-based performance index may be generated with the performance assessment algorithm.