Abstract: Aspects of the present disclosure relate generally to a system and method for evaluating opportunities to extend operating durations. A system according to the present disclosure can include: a computing device in communication with a machine amongst a plurality of machines within a machine system, the machine being subject to a particular operating duration, wherein the computing device is configured to perform actions including: examining operating data for the machine; modeling future performance data for the machine; calculating an operating duration extension risk for the machine; determining whether the machine is eligible for an operating duration extension based on the examined operating data, the modeled future performance data, and the calculated operating duration extension risk; and calculating an extension readiness metric for the machine in response to the machine being eligible for the operating duration extension.