ISO 14224 is officially titled:
"Petroleum, petrochemical and natural gas industries — Collection and exchange of reliability and maintenance data for equipment"
The standard provides detailed guidelines and data models for:
ISO 14224 ensures consistency, accuracy, and comparability of reliability data across all stages of asset life—from design and commissioning to decommissioning.
Poor quality or inconsistent maintenance data can lead to:
ISO 14224 addresses these challenges by:
This is especially critical for offshore platforms, refineries, pipelines, LNG plants, and petrochemical facilities, where reliability has a direct impact on safety and profitability.
Implementing ISO 14224 enables organizations to:
Use consistent formats and definitions across teams and locations.
Analyze trends and failure modes to optimize preventive strategies.
Prioritize resources and interventions based on real risk and performance data.
Feed failure and maintenance data into new projects for better system design.
Compare performance across plants or with industry averages.
With GMC’s ISO 14224 consulting, your organization can achieve operational excellence and measurable ROI:
Eliminate unnecessary maintenance and target the assets that matter most.
Improve system availability and reliability through targeted interventions.
Provide structured, traceable maintenance records and performance logs.
Use real-world performance data to drive budgeting, spare parts planning, and lifecycle investment.
Assess service performance based on objective RM data.
Predict and prevent incidents related to equipment failure.
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Growth Management Corporation is a management consulting firm that provides consulting, training, implementation, and certification services and solutions to organizations of all sizes, and all domains.
