A real-time engine management system having a controller system configured to control demand on a first component of an engine. The controller system is also configured to access a first set of prognostic data about the first component, where the first set of prognostic data includes a remaining lifespan approximation of the first component operating at a present operating condition. The controller system is also configured to identify a temporal length of an engine procedure operating at the present operating condition, alter a current limit constant associated with the first component to increase the remaining lifespan approximation of the first component beyond the temporal length, and implement the current limit constant associated with the first component so that the first component does not fault during the engine procedure.