ISO’s public 14224 abstract describes standardized reliability and maintenance data for petroleum, petrochemical and natural-gas equipment. A rate should be compared only after teams make the equipment population, taxonomy, exposure basis, failure definition, period and exclusions explicit.
The TAM rule links an asset inventory, condition assessments, investment priorities, performance targets, and annual reporting. A completed work order can support that record, but it is not the state-of-good-repair conclusion.
General condition-monitoring guidance starts with assets, failure context, measurement, assessment, diagnosis, action, and review—not with an algorithm demo.