The document discusses the process of implementing condition-based maintenance (CBM) in companies. It describes the main elements of the implementation process as selecting components to monitor, choosing monitoring techniques/technologies, installing the technologies, and analyzing results. The implementation process is divided into four phases - feasibility study, technique selection, technology selection, and data analysis/evaluation. Key steps involve considering organizational, economic, and technical feasibility, selecting appropriate monitoring techniques, installing sensors, analyzing sensor data, evaluating results, and improving the process. The document provides an example of implementing CBM on gas circulation fans to monitor for motor bearing failures using vibration and shock pulse monitoring.