ISO/ASME 14414:2015 sets the requirements for conducting and reporting the results of a pumping system energy assessment (hereafter referenced as "assessment") that considers the entire pumping system, from energy inputs to the work performed as the result of these inputs.
The objective of a pumping system energy assessment is to determine the current energy consumption of an existing system and identify ways to improve system efficiency.
These requirements consist of

organizing and conducting an assessment,
analysing the data from the assessment, and
reporting and documenting assessment findings.

ISO/ASME 14414:2014 is designed to be applied, to open and closed loop pumping systems typically used at industrial, institutional, commercial, and municipal facilities, when requested.
ISO/ASME 14414:2014 is focused on assessing electrically-driven pumping systems, which are dominant in most facilities, but is applicable with other types of drivers, such as steam turbines and engines, and drives such as belt.