A system for updating a plurality of monitoring models is provided. The system includes a model association module that, for each of a plurality of monitored systems determines, an association between a particular monitored system and at least one of a plurality of estimation models. Each estimation model is based upon one of a plurality of distinct sets of estimation properties, and each set uniquely corresponds to a particular estimation model. The system also includes an updating module that updates at least one of the estimation properties and propagates the updated estimation properties to each estimation model that corresponds to a distinct set containing at least one estimation property that is updated. The system further includes a model modification module that modifies each estimation model that corresponds to a distinct set containing at least one estimation property that is updated.