Implementing ISO14224 Enabled EAM Systems [Article]

September 25, 2015 tohanlon@reliabilityweb.com

Applying ISO14224 taxonomy and coding to your enterprise asset management (EAM) system is of utmost importance to ensure that reliability and maintenance (RM) data is collected and reported correctly. Standardization of RM data collected further helps in bringing different stakeholders together to understand and utilize this data for various analyses performed by each party. In today’s competitive world, organizations need a way to benchmark themselves with best in the industry and ISO14224 provides that. With every EAM implementation, the biggest challenge is defining a right data structure that can fulfill the business need relevant to the industry. Be it location/asset hierarchy that aligns with your maintenance strategy or asset classification for effective asset management and reporting, collecting the right failure data for future analysis and decision-making is dependent on this data structure. This article outlines ISO14224 objectives, provides guidance for collecting RM data and presents important aspects for configuring your EAM system to comply with ISO14224.

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Implementing ISO14224 Enabled EAM Systems [Article]

Applying ISO14224 taxonomy and coding to your enterprise asset management (EAM) system is of utmost importa...

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