Patent ID: 7333918

Claim:
A system embodied in a computer readable memory for utilizing reliability data from a plant to dynamically calculate an expended life for a selected part, comprising: a central database for storing service data for different parts of a unit within the plant, wherein the service data includes installation data and a service history of the different parts including usage information from a plurality of different units in which a given part was installed; a data collection engine for dynamically collecting a continuous stream of operational data from the plant, wherein the operational data is collected, processed and stored independently from the central database; a lifetime calculation engine for implementing a lifetime calculation equation for the selected part, wherein the lifetime calculation equation utilizes the service data and the continuous stream of operational data obtained from the data collection engine without human intervention to dynamically calculate the expended life of the selected part in a continuous and near real-time manner; and an output for dynamically displaying the expended life of the selected part.