A method of servicing a wellbore, comprising establishing a pumping profile having a performance plan, determining a remaining life estimate for a first wellbore servicing device, wherein the first wellbore servicing device is suitable for impacting conformance to the performance plan, and selecting a second wellbore servicing device in response to the remaining life value for the first wellbore servicing device, wherein the second wellbore servicing device is suitable for impacting conformance to the performance plan. A wellbore servicing system, comprising a first device suitable for impacting conformance to a performance plan, a first sensor configured to monitor an operational characteristic of the first device, and a controller in communication with the first sensor, the controller being configured to calculate at least one of a remaining life estimate of the first device and a probability of survival estimate of the first device.