A health monitoring system for monitoring a lifecycle of an additively manufactured component having a microcrystalline structure that can be subjected to a cyclic operational stress is disclosed. The health monitoring system includes a plurality of additively manufactured health monitoring coupons disposed on the component in a representative position that is subjected to the cyclic operational stress, with the health monitoring coupons configured to be individually removable from the health monitoring system by precision machining. A lifecycle monitoring method includes the steps of monitoring one or more operational parameters of the additively manufactured component, calculating a sample trigger, removing a health monitoring coupon by a precision machining process based on the sample trigger, analyzing the health monitoring coupon by an inspection process, determining whether the additively manufactured component is usable and if so, resuming operating the additively manufactured component, otherwise replacing the additively manufactured component.