General Experiences with the Asset: Although likelihood of failure is site specific, some guidance regarding likelihood of failure can be gained by examining experience with that type of asset in general. For example, if there is a history of a certain type of pump failing frequently after 2 years of use, and a system has that type of pump and it is currently 18 months of age, the asset may be given a higher likelihood of failure than it would be if there was no general experience of this type.
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