In this article, I investigate the statistical inference: concerning t
he current (field-stage) reliability of a reliability growth model. Th
e model, assuming a step-intensity structure, evolves from the physica
l consideration of the Duane learning-curve property and incorporates
the effect of a test-analyze-and-fix program that is typically underta
ken in a developmental testing program. Both exact and large-sample di
stributional results are derived for the maximum likelihood and the le
ast squares estimators of the current intensity. Under the assumption
that the step-intensity model represents the reality, I provide an ass
essment of the extent of ''misspecification'' when the widely used pow
er law process model is fit to the failure data of a system experienci
ng recurrent failures. Extensive simulation results are carried out to
supplement the theoretical findings. An illustration with a dataset i
s provided as a demonstration of the application of the inference resu
lts.