Impact Technologies has proposed development of a real-time prognostic and fault accommodation system for power converters and electro-mechanical (EM) drive applications. The main goal for this program is development of techniques that enable fault tolerant control based on diagnostic features from the coil winding and power transistors. During Phase I, Impact achieved substantial and promising results in three main technical areas that provide opportunities to maturing tools that enable PHM and reconfiguration techniques. The technical areas include: Transistor Performance, Motor/Actuator Performance, and Fault Tolerant Reconfiguration. During Phase II, a significant effort will be employed to further develop the automated ringing feature extraction feature, leakage current sensing capabilities, and reconfiguration techniques for continued motor operation. These efforts will lead to development of prototype sensors for IGBT aging detection and current leakage detection as a health indicator of aging effects in power drives. Moreover, Impact will demonstrate reconfigurable control techniques for fault accommodations in EM applications. The long term implications of a successful completion of this program will provide reliability and health management tools for mission and safety critical applications for NASA, commercial, and military enterprises.