IN FORMER LIFETIME PERFORMANCE INDEX CL STUDIES, IT IS USUALLY ASSUME THAT QUALITY CHARACTERISTIC IS THE LIFETIME OF AN ELECTRONIC COMPONENT, ENGINE, CAMERA OR IN SPECIAL CASE LIFETIME OF BUSINESS. IN THIS PAPER WE SUPPOSE THAT THE QUALITY CHARACTERISTIC IS THE LIFETIME OF A SERIES SYSTEM AND UNDER THE ASSUMPTION OF EXPONENTIAL DISTRIBUTION FOR COMPONENT LIFETIME, WE PROVIDE A MAXIMUM LIKELIHOOD ESTIMATOR OF CL AND THEN THIS ESTIMATE USED TO DEVELOP TESTING PROCEDURE OF CL. FINALLY, WE GIVE AN EXAMPLE TO ILLUSTRATE THE USE OF THE TESTING PROCEDURE. ...