A method of assessing impact of applications executed by a computing device on a memory of the computing device includes: storing, in the memory, (i) a plurality of reference write operation sizes, and (ii) for each reference write operation size, a corresponding reference endurance indicator defining a write endurance; executing, at a processor of the computing device interconnected with the memory, a monitor application simultaneously with a test application; via execution of the monitor application at the processor: generating a usage profile for the test application, the usage profile defining a measured write operation size and a measured write operation rate for write operations initiated by the test application; determining an impact indicator for the test application based on the usage profile, the reference write operation sizes and the reference endurance indicators; and presenting the impact indicator.