A system and method for producing fluid from a completed well is provided wherein the method in one aspect includes determining a first setting of at least one first device under use for producing the fluid from the well; selecting a first set of input parameters that includes at least one parameter relating to health of at least one second device and a plurality of parameters selected from a group consisting of information relating to flow rate, pressure, temperature, presence of a selected chemical, water content, sand content, and chemical injection rate; and using the selected first set of parameters as an input to a computer model, determining a second setting for the at least one first device that will provide at least one of an increased life of at least one second device and enhanced flow rate for the fluid from the completed well.