We help you extend the ISO 14224 taxonomy for equipment specific to your industry.

While the ISO 14224 methodology is relevant to any asset intensive industry, examples in Annexes A and B are specific to equipment used in offshore oil and gas industries. While there is some overlap of equipment types in offshore oil and gas and other industries, e.g. pumps, motors, and heat exchangers, many equipment classes from other industries are not included in the standard. They must be developed in order for you to use the ISO 14224 standard effectively.

We extend the ISO 14224 taxonomy by developing additional equipment class taxonomy definitions in a manner consistent with existing content in Annexes A and B.
See ISPM processes in action with a demonstration of technical hierarchy and failure reporting processes for your corporate facilities.

You provide us with the following data for one of your equipment installations
Equipment list
We set a functional taxonomy structure for your equipment in Reliability Dynamics’ SAP system
We give you access to our system and let you test it yourself
Reliability Dynamics will create test data and give a guided tour
Fundamentals of ISPM equipment taxonomy and failure reporting methodology:

High-level objectives
Common issues
Equipment taxonomy
Malfunction data collection
Failure Metrics
Review your ERP system data and methods
Equipment taxonomy construction
Malfunction data collection processes
Preventive maintenance condition reporting processes
Review your equipment failure data
Assessment of data quality level
Highlight specific issues
Comparison of your current practices versus industry standard practices
Provide summary report with findings and recommendations
We help you build the foundation for your maintenance and reliability program. Your technical hierarchy is that foundation. It is the infrastructure that supports all master data and equipment failure reporting processes. We can help you design and build a new technical hierarchy or can help you retrofit your existing technical hierarchy to make it industry standard compliant.