A method for predicting equipment failure includes receiving parameter sample values associated with parameters of benchmark equipment and operational status information associated with the benchmark equipment. The parameter sample values and operational status information are periodically acquired. A model is generated for relating one or more of the parameters to benchmark equipment failure. For each parameter, a threshold value at which an output of the model indicates benchmark equipment failure is determined. Next, parameters of an equipment under test having parameter sample values that match the determined threshold values are determined. For each determined parameter, benchmark equipment having parameter sample values that match the parameter sample values of the equipment under test that match the determine threshold values are determined. Survivability data for the equipment under test is generated based on survivability data associated with the determined benchmark equipment. The generated survivability data is communicated to a user interface.