The Prognostics and Health Management Society (PHM Society) is a non-profit organization dedicated to the advancement of PHM as an engineering discipline. The PHM Society was incorporated in early 2009 as a New York Corporation. The flagship event of the Society is the Annual Conference of the PHM Society. The PHM Society is founded on three basic principles: To provide free and unrestricted access to PHM knowledge; To promote interdisciplinary and international collaboration in PHM; To lead the advancement of PHM as an engineering discipline.