Recalibrate -\ˈre-ka-lə-ˌbrāt\ v. - to correct a measuring process by checking or adjusting again in comparison with a standard. Modern - to change without accepting responsibility.

Examples:

Business:  I'd like to recalibrate those financial projections.  We will need to recalibrate our sales forecast.  Perhaps we'll recalibrate that lot of tainted food.  We'll be using the federal money to recalibrate our line of automobiles and be bigger and better.
School:  Given this test score I would like the opportunity to recalibrate my answer.
Life:  I'll be taking the next few days to recalibrate my parenting approach.
Judicial:  My client would like to recalibrate his actions toward the defendant.
Taxes:  Given these findings, I would like to recalibrate my filings for the last five years.
Medicine:  The doctor would like to recalibrate his approach on your diagnosis.
Politics:  I'll be recalibrating my vote this time around.