Future reliability prediction based on system operational and performance data modelling

A system for modelling future reliability of a facility based on operational and performance data, comprising:

• an input interface configured to:
• receive maintenance expense data corresponding to a facility;
• receive first principle data corresponding to the facility;
• and
• receive asset reliability data corresponding to the facility;
• a processor coupled to a non-transitory computer readable medium, wherein the non-transitory computer readable medium comprises instructions when executed by the processor causes the apparatus to:
• obtain one or more comparative analysis models associated with the facility;
• obtain a maintenance standard that generates a plurality of category values that categorizes the maintenance expense data by a designated interval based upon at least the maintenance expense data, the first principle data, and the one or more comparative analysis models;
• and
• determine an estimated future reliability of the facility based on the asset reliability data and the plurality of category values;
• and
• an user interface configured to display the results of the estimated future reliability.