A method comprising: performing, by a processing device (302, 821), a first evaluation of a first artificial lift approach (101, 102, 103, 104, 105) that can be operated at a well having a subterranean hydrocarbon reservoir, the first evaluation being based at least in part on a first static factor associated with operating the first artificial lift approach(101, 102, 103, 104, 105) in the well, a first dynamic factor associated with operating the first artificial lift approach(101, 102, 103, 104, 105) at a first operating condition, and a first lifetime-based factor that is a function of a first operating time for the first artificial lift approach; performing, by a processing device (302, 821), a second evaluation of a second artificial lift approach (101, 102, 103, 104, 105) that can be operated at the well having the subterranean hydrocarbon reservoir, the second evaluation being based at least in part on a second static factor associated with operating the second artificial lift approach (101, 102, 103, 104, 105) in the well, a second dynamic factor associated with operating the second artificial lift approach (101, 102, 103, 104, 105) at a second operating condition, and a second lifetime-based factor that is a function of a second operating time for the second artificial lift approach; generating, by the processing device (302, 821), an artificial lift plan based at least in part on the first evaluation, the second evaluation, and a risk level determined based at least in part on at least one of the first static factor, the second static factor, the first dynamic factor, or the second dynamic factor, wherein the artificial lift plan defines at least a first operational period for the first artificial lift approach and a second operational period for the second artificial lift approach; and extracting the hydrocarbons from the subterranean hydrocarbon reservoir based on the artificial lift plan by operating, at the well, the first artificial lift approach (101, 102, 103, 104, 105) for the first operational period; generating a chart to be displayed on a display, the chart comprising indicia for the first static factor and the first dynamic factor at a plurality of points in time for the first artificial lift approach plotted as operating conditions over time against the risk level; and subsequent to the first operational period, operating the second artificial lift approach (101, 102, 103, 104, 105) for the second operational period. performing, by a processing device (302, 821), a first evaluation of a first artificial lift approach (101, 102, 103, 104, 105) that can be operated at a well having a subterranean hydrocarbon reservoir, the first evaluation being based at least in part on a first static factor associated with operating the first artificial lift approach(101, 102, 103, 104, 105) in the well, a first dynamic factor associated with operating the first artificial lift approach(101, 102, 103, 104, 105) at a first operating condition, and a first lifetime-based factor that is a function of a first operating time for the first artificial lift approach; performing, by a processing device (302, 821), a second evaluation of a second artificial lift approach (101, 102, 103, 104, 105) that can be operated at the well having the subterranean hydrocarbon reservoir, the second evaluation being based at least in part on a second static factor associated with operating the second artificial lift approach (101, 102, 103, 104, 105) in the well, a second dynamic factor associated with operating the second artificial lift approach (101, 102, 103, 104, 105) at a second operating condition, and a second lifetime-based factor that is a function of a second operating time for the second artificial lift approach; generating, by the processing device (302, 821), an artificial lift plan based at least in part on the first evaluation, the second evaluation, and a risk level determined based at least in part on at least one of the first static factor, the second static factor, the first dynamic factor, or the second dynamic factor, wherein the artificial lift plan defines at least a first operational period for the first artificial lift approach and a second operational period for the second artificial lift approach; and extracting the hydrocarbons from the subterranean hydrocarbon reservoir based on the artificial lift plan by operating, at the well, the first artificial lift approach (101, 102, 103, 104, 105) for the first operational period; generating a chart to be displayed on a display, the chart comprising indicia for the first static factor and the first dynamic factor at a plurality of points in time for the first artificial lift approach plotted as operating conditions over time against the risk level; and subsequent to the first operational period, operating the second artificial lift approach (101, 102, 103, 104, 105) for the second operational period.