Identifying and determining wear of a component used in a well operation

A method for identifying and determining wear of a component used in a well operation, the method comprising:

• identifying, by a processing system, the component from a plurality of components, wherein an identifier is connected to the component, the identifier comprising a unique identifier to identify the component from the plurality of components;
• measuring, by a density sensor in fluid communication with the component used in the well operation, a volume of sand passing through the component over a period of time;
• measuring, by a flow sensor in fluid communication with the component used in the well operation, a volume of fluid passing through the component over the period of time;
• and
• determining, by the processing system, a failure risk level for the component based at least in part on the volume of sand passing through the component over the period of time and based at least in part on the volume of fluid passing through the component over the period of time.