1. A method for configuring software to monitor, generate, acquire, collect, store and analyze Performance Monitoring (PM) data from telecommunication equipment, comprising: maintaining a library of product-independent PM data processing modules; maintaining product-dependent data relating selected ones of the processing modules with each of a plurality of telecommunication equipment systems; and generating PM software corresponding to one or more of the telecommunication equipment systems by assembling the processing modules in accordance with the product-dependent data, wherein the library-maintaining step comprises maintaining a PM multiplexer module for packaging the PM data into a single byte stream for collection.