A computer system for a prognostic evaluation system is provided. The computer system has a platform, at least one input device, and a central processing unit in communication with the platform and the at least one input device. The central processing unit is configured to receive use history information for a piece of equipment. The central processing unit is also configured to perform prognostic analysis based on the received use history information and to determine an estimated remaining life for the piece of equipment based on the prognostic analysis. The central processing unit is further configured to generate a report for the piece of equipment based on the prognostic analysis and to provide the generated report to a user.