The current reliability growth planning model used by the US Army, the Planning Model for Projection Methodology (PM2), is insufficient for the needs of the Army. This paper will detail the limitations of PM2 that cause Army programs to develop reliability growth plans that incorporate unrealistic assumptions and often demand that infeasible levels of reliability be achieved. In addition to this, another reliability growth planning model being developed to address some of these limitations, the Bayesian Continuous Planning Model (BCPM), will be discussed along with its own limitations. This paper will also cover a third reliability growth planning model that is being developed which incorporates the advantageous features of PM2 and BCPM but replaces the unrealistic assumptions with more realistic and customizable ones. The internal workings of this new TARDEC developed simulation-based model will be delved into with a focus on the advantages this model holds over PM2 and BCPM.