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How a system ages is central to the assessment of the effective utilization life of the system. Utilization life represents more than estimating the remaining life in an aged system, it is determining how to optimally plan a system's future management and future use to minimize the life cycle cost incurred. The consideration of utilization life of a system includes the physics of aging, damage accumulation techniques, mitigation of aging, qualified use of aged parts for spare replenishment, prognostics, and quantification of cost avoidance. Any approach to evaluating utilization life depends on a making an effective evaluation of the reliability, durability and safety of the system. Traditional Mean Time Between Failure (MTBF) metrics that assume a constant failure rate are likely to be less useful in the evaluation and practical implementation of utilization life concepts than Failure Free Operating Period (FFOP).