Through dedication and team work in collaboration with Pragma, AES Tietê is the first Brazilian company to receive ISO 55001 certification. This certificate was issued under the scope of Operation and Maintenance of hydro-electric plants and small hydro-electric power stations, including reservoir management, power generation and support processes.
This certification recognises AES Tietê, an independent electric energy producer, as an organisation that manages its assets in line with international best practices. By conforming to ISO 55000 requirements, those who are responsible for organisational governance and management are able to determine the desired balance of benefits, costs, risk and performance through managing risk and opportunity.
“Pragma started its journey with AES Tietê in 2012 with an Asset Management Improvement Planning (AMIP) assessment,” says Fabiano Schincariol, Pragma’s lead consultant on this project. This assessment gave both teams an overview of the maturity and performance of AES Tietê’s asset management system. At the time, the main objective was to prepare AES Tietê for PAS 55 (the predecessor of ISO 55000) compliance, which laid the foundation for the company’s current asset management strategy. When the requirements for ISO 55000 was released in 2014, AES Tietê was able to commence swiftly with its application and became the first Latin American company to accomplish this feat.
While an asset management system in itself cannot create sustainability, a system integrated with the correct contributors can. In asset management, a simple process of understanding, improving and sustaining can lead to the desired or improved longevity of a physical asset. The journey to an integrated asset management strategy starts by understanding the performance of your operation, the cost of maintenance or the lack thereof, the potential risks and how these elements comes together and impact on each other.
During the certification ceremony in Sao Paulo on the 26th of May, Pragma’s Managing Director in Brazil, Antonio Padua, highlighted that the strong partnership between Pragma and the AES Tietê played a key role in this achievement. AES Tietê Vice President of Operations Italo Freitas placed a special focus on the importance of the change management process that was rolled out to the throughout the organisation and was paramount in achieving this certification.
Over the past 25 years, Pragma has established a world-class approach to Asset Care Services that is based on a partnership model. All of Pragma’s business processes are ISO 55000 aligned and meet international accounting reporting standards (e.g. IFRS, GAAP and GRAP). Where clients have signed long term Asset Care contracts with Pragma, they receive the added benefit of access to a pool of senior consultants that can deliver focused improvement solutions.
If you would like to learn more about the maturity of your asset management programme, feel free to complete our complimentary Physical Asset Maturity Self Assessment or follow this link to Pragma’s Physical Asset Management Road Map and discover how Pragma can assist you in achieving ISO 55000 certification and how to start your own journey to sustainable Asset Management.