Prognostics has received considerable attention recently as an emerging sub‐discipline within SHM. Prognosis is here strictly defined as “predicting the time at which a component will no longer perform its intended function.” Loss of function is oftentimes the time at which a component fails. The predicted time to that point then becomes the remaining useful life (RUL). For prognostics to be effective, it must be performed well before deviations from normal performance propagate to a critical effect. This enables a failure preclusion or prevention function to repair or replace the offending components, or, if the components cannot be repaired, to retire the system (or vehicle) before the critical failure occurs. Therefore, prognosis has the promise to provide critical information to system operators that will enable safer operation and more cost‐efficient use. To that end, the US Department of Defense (DoD), NASA, and industry have been investigating this technology for use in their vehicle health management solutions. Dedicated prognostic algorithms (in conjunction with failure detection and fault isolation algorithms) must be developed that are capable of operating in an autonomous and real‐time vehicle health management system software architecture that is possibly distributed in nature. This envisioned prognostic and health management system will be realized in a vehicle‐level reasoner that must have visibility and insight into the results of local diagnostic and prognostic technologies implemented at the line replaceable unit (LRU) and subsystem levels. Accomplishing this effectively requires an integrated suite of prognostic technologies that compute failure effect propagation through diverse subsystems and that can capture interactions that occur in these subsystems. In this chapter a generic set of selected prognostic algorithm approaches is presented and an overview of the required vehicle‐level reasoning architecture needed to integrate the prognostic information across systems is provided.