According to an embodiment, a method of monitoring the operation of a device includes determining a plurality of operational parameters that are indicative of an operation condition of the device. A difference between each operational parameter and a corresponding limit on that parameter is determined. Each limit indicates a value of the corresponding operational parameter that corresponds to an undesirable operation condition of the device. An action index is determined based on at least a smallest one of the determined differences. A determination is made whether the action index is within a range corresponding to desirable operation of the device.