Handling a failure in a system with distributed control of power and thermal management

Component power consumption is collected from each of a plurality of controllers of a node having a plurality of components. The component power consumption is provided to each of the plurality of controllers. A power differential is determined as a difference between a power cap for an apparatus and a total power consumption for the apparatus based, at least in part, on the component power consumption. A proportion of the total power consumption corresponding to the at least one component associated with the at least one component controller is determined. A local power budget is computed for the at least one component based, at least in part, on the power differential and the proportion of the total power consumption corresponding to the at least one component. A failure associated with the at least one component controller or the at least one component is determined.