Abstract: A method, system, and program storage device are disclosed for generating with a computer a current confidence level from accumulated runtime and failure data of a product subjected to product reliability testing. The current confidence level may be generated from time to time during testing and prior to verifying the product has met its reliability goal with a sufficient level of confidence to provide a quantified risk assessment of whether the product will ultimately meet this reliability goal. In effect, the preferred embodiments of the invention provide quantitative tools for measuring quality goals. As schedule goals are also quantitative in nature, the decision of whether to release a product in view of scheduling and quality concerns typically becomes more of a data-driven risk assessment decision.