Survival analysis is an essential statistics and machine learning field in various critical applications like medical research and predictive maintenance. In these domains understanding models' predictions is paramount. While machine learning techniques are increasingly applied to enhance the predictive performance of survival models, they simultaneously sacrifice transparency and explainability.  Survival models, in contrast to regular machine learning models, predict functions rather than point estimates like regression and classification models. This creates a challenge regarding explaining such models using the known off-the-shelf machine learning explanation techniques, like Shapley Values, Counterfactual examples, and others.    Censoring is also a major issue in survival analysis where the target time variable is not fully observed for all subjects. Moreover, in predictive maintenance settings, recorded events do not always map to actual failures, where some components could be replaced because it is considered faulty or about to fail in the future based on an expert's opinion. Censoring and noisy labels create problems in terms of modeling and evaluation that require to be addressed during the development and evaluation of the survival models. Considering the challenges in survival modeling and the differences from regular machine learning models, this thesis aims to bridge this gap by facilitating the use of machine learning explanation methods to produce plausible and actionable explanations for survival models. It also aims to enhance survival modeling and evaluation revealing a better insight into the differences among the compared survival models. In this thesis, we propose two methods for explaining survival models which rely on discovering survival patterns in the model's predictions that group the studied subjects into significantly different survival groups. Each pattern reflects a specific survival behavior common to all the subjects in their respective group. We utilize these patterns to explain the predictions of the studied model in two ways. In the first, we employ a classification proxy model that can capture the relationship between the descriptive features of subjects and the learned survival patterns. Explaining such a proxy model using Shapley Values provides insights into the feature attribution of belonging to a specific survival pattern. In the second method, we addressed the "what if?" question by generating plausible and actionable counterfactual examples that would change the predicted pattern of the studied subject. Such counterfactual examples provide insights into actionable changes required to enhance the survivability of subjects. We also propose a variational-inference-based generative model for estimating the time-to-event distribution. The model relies on a regression-based loss function with the ability to handle censored cases. It also relies on sampling for estimating the conditional probability of event times. Moreover, we propose a decomposition of the C-index into a weighted harmonic average of two quantities, the concordance among the observed events and the concordance between observed and censored cases. These two quantities, weighted by a factor representing the balance between the two, can reveal differences between survival models previously unseen using only the total Concordance index. This can give insight into the performances of different models and their relation to the characteristics of the studied data. Finally, as part of enhancing survival modeling, we propose an algorithm that can correct erroneous event labels in predictive maintenance time-to-event data. we adopt an expectation-maximization-like approach utilizing a genetic algorithm to find better labels that would maximize the survival model's performance. Over iteration, the algorithm builds confidence about events' assignments which improves the search in the following iterations until convergence. We performed experiments on real and synthetic data showing that our proposed methods enhance the performance in survival modeling and can reveal the underlying factors contributing to the explainability of survival models' behavior and performance.