“In the case [of] insufficient failure data… general industry, company, or manufacturer failure data is used. This failure data should be adjusted and made specific to the equipment being analyzed… Qualified persons should make these modifications on a case-by-case basis.”
Therefore, the standard mandates expert-driven adjustments to general data for it to be useful and accurate for the specific context.
[Reference: API 580, 2nd Edition (2016), Section 9.3.3]
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