Embodiments relate to a method of monitoring an asset including an independent component, the method including: receiving at an electronic device data related to operation of an asset, the data including utilization data of an independent component of the asset; interpreting, using a processor, the utilization to determine an utilization or operational characteristic of the asset; performing, using a processor, analysis of the utilization or operational characteristic in view of a stored target to produce a performance output; filtering, using a processor, to improve accuracy; and providing a report that includes the operational characteristic and/or utilization output; wherein utilization data of the independent component is generated by detecting the engine status of a prime mover of the asset; detecting a position of the independent component; wherein the independent component provides work functionality independent of the engine status.