Question about Measuring Point / Couter

Dear PM Guru,
While creating my Maintenance Plan with tcode -IP42 , there's counter automatically appear in the plan.
I under this counter is from measuring point.
I am confuse with the Counter in all this tcode IP41 , IP42 & IP01.
My question are :
Is this measuring point / counter master data or technical object ?
Where's the relationship for counter in Maintenance plan ?
Any impact the counter with the cycles used in the item line?
What 's the different between IP01 vs IP41 vs IP42?
Appreciate your input from any PM Guru.
TQ

Hi Venu,
Thank for your reply.
Understand that In Performance-based Maintenance Plan, SAP automatically links Counter to the Maintenance Plan.
After my personal investigation , fully understand that only performance based maintenance plan are using counter. Normal Maintenance Order will not use counter as Master data.
Example Performance Based Plans :
When the measuring point counter reaches 3000 -1st  order should get generated
2nd one at 6000, 3 rd one at 9000 etc...
Or
1. Single Cycle with counter -- Ex . Maintenance every 3000 hrs
2. Strategy Cycle plans.. -- Ex. Maintenance every 3000 hrs and every 6000hrs
3. Multiple Counter Plans..-- Ex Maintenance every 2month  or 1year..
Process Flow.
Create equipment with suitable measuring point (inc annual estimate) with Tcode IK01 create measuring point
Create initial counter reading measurement document
Create task list (optional for single-cycle plan)
Create counter based maintenance plan
Scheduling maintenance plan (IP10/IP30)
Create measurement documents periodically
Little Question to ask.
1) Is this the SAP standard flow ?
Please correct me if i am wrong.
Thank you.

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