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The Canadian Network of Asset Managers is pleased to announce the annual CNAM Tereo Asset Management Awards to recognize Asset Management in Canada. Awards submissions will be accepted until March 29, 2019 TEREOAWARDS CNAM
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CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

Mar 11, 2020

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Page 1: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The Canadian Network of Asset Managers is pleased to announce the

annual CNAM Tereo Asset Management Awards

to recognize Asset Management in Canada.

Awards submissions will be accepted until March 29, 2019

TEREOAWARDSCNAM

Page 2: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

Is your organization successfully developing and implementing

asset management approaches to effect business improvement?

If so, we encourage you to submit an entry into the annual

CNAM Tereo Asset Management Award.

What are the CNAM Tereo Asset Management Awards?CNAM is pleased to continue a program to recognize Asset Management in Canada.

The CNAM Tereo Asset Management Award recognizes any private or public organization that achieves:• excellence in the development and successful implementation of innovative asset management tools and techniques or approaches

or

• significant improvements in business performance through the use of asset management tools and techniques or approaches

Why Tereo?The word terotechnology is derived from the Greek word ‘tereo’, meaning to guard, to care for, to watch over.

Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of management, financial, engineering, and other practices applied to physical assets such as plant, machinery, equipment, buildings and structures in pursuit of economic life cycle costs. It is concerned with the reliability and maintainability of physical assets and also takes into account the processes of installation, commissioning, operation, maintenance, modification and replacement..02

Page 3: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

What are the benefits of entering the CNAM Tereo Awards?Innovation and a job well done deserve to be recognized by your peers and the asset management industry.

There are numerous bene ts to submitting your project for CNAM Tereo Award consideration:

• Internal and external recognition of your asset management personnel• Opportunities for your organization to strive and be rewarded for continuous improvement• Opportunities for professional development by improving your organization’s asset management knowledge base, capabilities and skills• Great networking at the awards ceremony in conjunction with the annual CNAM Conference

How is the winning organization recognized?The award winner will receive industry recognition and award keepsakes will be presented at the annual CNAM Conference Gala.

The CNAM Tereo Award recipient* may receive: • Commemorative trophy/plaque• Framed certificate• Honorary one-year CNAM membership• Public recognition

- Presentation of the CNAM Tereo Award at the CNAM Conference Gala - Article on the CNAM website- News release/email announcement to CNAM database

* Recognition details still being finalized and are therefore subject to change.

When is the deadline for submitting?You may enter any time before the closing date. Final submissions are due by March 29, 2019

What is the application fee?There is no application fee to enter the CNAM Tereo Asset Management Awards.

.03Pious Maposa902-825-6000 x7660 [email protected] of Halton

FOR MORE INFORMATION CONTACT:

Page 4: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The CNAM Tereo Awards Criteria

Entries to the CNAM Tereo Asset Management Award program are welcomed from public and private organizations across Canada who have demonstrated recent innovative talent in developing and successfully implementing a new concept, process or procedure in the field of asset management, or who can demonstrate significant improvement in business performance through the adoption of asset management tools and techniques or approaches. The CNAM Tereo Awards are made for current, successful, specific applications of asset management good practice or for notable recent advances in the field of asset management.

In judging applications for the award, CNAM will be looking for demonstrated success in one or more of the following areas:• Development and implementation of:

- Organizational change to support and enable effective asset management- Risk assessment and analysis techniques to quantify asset related risks and processes to ensure associated risk mitigations

are implemented- Whole life costing approaches to support optimal investment decision making- Decision support tools and associated processes to determine optimal actions and associated investment plans for assets - Implementation of enhanced regimes for operational asset care- Implementation of robust emergency preparedness and response capabilities

• Innovative or novel approaches to:- Asset management performance measurement and data collection- Deriving enhanced asset knowledge from asset information systems- Use of asset knowledge to improve decision making and optimize the reliability or efficiency of assets - Competency improvements and the development of asset management skills

• Improvements in business performance:- Improvement in service delivery to customers/users- Cost minimization- Robust and transparent approaches to risk management

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CNAM TEREOAWARDS

Page 5: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The CNAM Tereo Awards Submission Guidelines

Application ProcedurePlease complete all three steps as outlined below for each application. Your application will not be considered unless all of the requirements have been met.

Part 1: Application Form. Applicants complete contact information along with a brief summary (200 words) of the Asset Management approach taken and the benefits realized.

Part 2: Paper. Applicants are encouraged to be brief and succinct in their responses. The maximum response to Part 2 of the submission is 750 words and should include:• Overview of the applicants organization• Approach taken• Key business outcomes• Acronyms and definitions

Part 3: News Release. A draft news release (200 words) describing the application of asset management within the organization and the outcome achieved, including a quote from a key player in the project.

Entry Deadline March 29, 2019

EligibilityCNAM Tereo Award applicants may be:• Asset Owners - any organization responsible for physical assets and their revenue, reliability and safety outcomes• Service Providers - any organization that supports asset owners or that applies asset management systems on behalf of the

asset owner

Applicants must be resident in Canada and must be a CNAM member of good standing (member at the time of the submission and at the time of the award presentation in conjunction with he annual CNAM Conference).

Applications will be accepted from either individuals or from organizations. Joint submissions are encouraged.Applicants may be self nominated or nominated by others..05

Page 6: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

RenominationAn applicant may reapply for a CNAM Tereo Award in subsequent years provided a new application form and supporting information are submitted, along with an update summary.

ConfdentialityApplications may be sent to outside experts for assessment. While the evaluators are asked to keep their findings in confidence, WE CANNOT GUARANTEE CONFIDENTIALITY. Therefore, if this is of concern to you, please wait until specific tools or techniques are protected by a patent before entering the awards program.

Rules of the Awards1. The Award will be administered by the CNAM Awards Committee, a subcommittee of the CNAM Board of Directors.2. The Awards Committee shall consider all applications properly made and material submitted with or in support of the

application.3. Material submitted with or in support of any application shall be received on the condition that:

3.1 CNAM shall not return such material or any portion thereof to the applicant.3.2 CNAM may make such disclosure of the names of applicants and brief summary of the details disclosed in such material

(unless the applicant specifically requests for this not to be done) as CNAM considers appropriate.3.3 In the case of the award-winning applicant, CNAM may utilize photos, award videos and additional information as it deems

appropriate (e.g. for news releases, advertisements, website, etc).3.4 No claim shall be made and no action shall be brought against CNAM, its Directors, Officers or members of the Awards

Committee arising out of the use made of such material or of any such disclosure.4. The applicant warrants that disclosure of material submitted with, or in support of, his/her application does not breach the terms of any

contract of employment or any contract, and that he/she is entitled to make use of the material.5. At the discretion of the Awards Committee, applications made in any year may be carried forward to following years. The applicant shall

be notified if this occurs.6. The decision of the Awards Committee is final. If in the opinion of the Awards Committee there are no applications considered suitable

during a given year, no Award shall be given.7. Each application must sign the prescribed Application Form, which will constitute his/her agreement to be bound by the Rules of the

Awards.

.06

Page 7: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The Canadian Network of Asset Managers is pleased to announce the

CNAM Asset Management Ambassador Award to

recognize advancement of Asset Management in Canada.

Awards submissions will be accepted until March 29, 2019

ASSET MANAGEMENT AMBASSADOR AWARDCNAM

Page 8: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

What is the CNAM Asset Management Ambassador Award?CNAM is pleased to continue a program to recognize Asset Management in Canada.

The CNAM Asset Management Ambassador Award honors and celebrates any individual or organizations whose:• efforts reflect a commitment above and beyond the accepted expectation of the asset management industry in Canada.

or• actions have become a valuable asset to the asset management industry and whose actions have become models for peer recognition.

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Is there an individual or organization whose efforts reflect a commitment above and beyond the accepted expectationof the asset management industry in Canada? If so, we encourage you to nominate the individual or organization for the inaugural CNAM Asset Management Ambassador Award.

Page 9: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

What are the benefits of entering the CNAM Asset Management Ambassador Award?A journey well-traveled deserves to be recognized by your peers and the asset management industry.

There are numerous benefits to nominating an individual or organization for CNAM Asset Management Ambassador Award consideration:

• Internal and external recognition across Canada• Opportunities to motivate current and future asset managers• Opportunity for your name to be etched in the foundation of Asset Management in Canada• Great networking at the awards ceremony in conjunction with the annual CNAM Conference

How is the winning individual or organization recognized?The award winner will receive industry recognition and award keepsakes will be presented at the annual CNAM Conference Gala.

The CNAM Tereo Award recipient* may receive: • Commemorative trophy/plaque• Framed certificate• Honorary one-year CNAM membership• Public recognition

- Presentation of the CNAM Tereo Award at the CNAM Conference Gala - Article on the CNAM website- News release/email announcement to CNAM database

* Recognition details still being finalized and are therefore subject to change.

When is the deadline for submitting?You may enter any time before the closing date. Final submissions are due by March 29,2019

What is the application fee?There is no application fee to enter the CNAM Asset Management Ambassador Award.

.09Pious Maposa902-825-6000 x7660 [email protected] of Halton

FOR MORE INFORMATION CONTACT:

Page 10: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The CNAM Asset Management Ambassador Award Criteria

Nominations to the CNAM Asset Management Ambassador Award program are welcomed from individual or organizations both public and private organizations across Canada whose efforts reflect a commitment above and beyond the accepted expectation of the asset management industry in Canada. It recognizes individuals or organizations whose actions have become a valuable asset to the asset management industry and acknowledges those whose actions have become models for peer recognition.

In judging applications for the award, CNAM will be looking for demonstrated contribution in one or more of the following areas:• Efforts reflect a commitment above and beyond the accepted expectation of the asset management industry in Canada.• Actions have become a valuable asset to the asset management industry and whose actions have become models for peer recognition.

.10

CNAM TEREOAWARDS

Page 11: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

Application ProcedurePlease complete all three steps as outlined below for nominated individual. Your application will not be considered unless all of the requirements have been met.

Part 1: Application Form. Applicants complete contact information along with a brief summary (200 words) of what the nominated individual or organization has contributed to Asset Management in Canada.

Part 2: Paper. Applicants are encouraged to be brief and succinct in their responses. The maximum response to Part 2 of the submission is 750 words and should include:• Brief profle of the individual or organization• Efforts reflct a commitment above and beyond the accepted expectation of the asset management industry in Canada.• Actions have become a valuable asset to the asset management industry and whose actions have become models for peer recognition.

Part 3: News Release. A draft news release (200 words) summarizing Part 2.

Entry Deadline March 29, 2019

EligibilityCNAM Asset Management Ambassador Award applicants may be:• Individuals or organizations from both private or public sector, whose efforts reflect a commitment above and beyond the accepted

expectation of the asset management industry in Canada.• Whose actions have become a valuable asset to the asset management industry and whose actions have become models for peer

recognition.

Applicants must be resident in Canada and must be a CNAM member of good standing (member at the time of the submission and at the time of the award presentation in conjunction with the annual CNAM Conference). Nominations will be accepted from either individuals or from organizations. Joint nominations are encouraged. Applicants may be self-nominated or nominated by others.

.11

The CNAM Asset Management Ambassador Award Nomination Guidelines

Page 12: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

RenominationAn applicant may reapply for a CNAM Asset Management Ambassador Award in subsequent years provided a new application form and supporting information are submitted, along with an update summary.

ConfdentialityApplications may be sent to outside experts for assessment. While the evaluators are asked to keep their findings in confidence, WE CANNOT GUARANTEE CONFIDENTIALITY. Therefore, if this is of concern to you, please wait until specific tools or techniques are protected by a patent before entering the awards program.

Rules of the Awards1. The Award will be administered by the CNAM Awards Committee, a subcommittee of the CNAM Board of Directors.2. The Awards Committee shall consider all applications properly made and material submitted with or in support of the

application.3. Material submitted with or in support of any application shall be received on the condition that:

3.1 CNAM shall not return such material or any portion thereof to the applicant.3.2 CNAM may make such disclosure of the names of applicants and brief summary of the details disclosed in such material

(unless the applicant specifically requests for this not to be done) as CNAM considers appropriate.3.3 In the case of the award-winning applicant, CNAM may utilize photos, award videos and additional information as it deems

appropriate (e.g. for news releases, advertisements, website, etc).3.4 No claim shall be made and no action shall be brought against CNAM, its Directors, Officers or members of the Awards

Committee arising out of the use made of such material or of any such disclosure.4. The applicant warrants that disclosure of material submitted with, or in support of, his/her application does not breach the terms of any

contract of employment or any contract, and that he/she is entitled to make use of the material.5. At the discretion of the Awards Committee, applications made in any year may be carried forward to following years. The applicant shall

be notifed if this occurs.6. The decision of the Awards Committee is final. If in the opinion of the Awards Committee there are no applications considered suitable

during a given year, no Award shall be given.7. Each application must sign the prescribed Application Form, which will constitute his/her agreement to be bound by the Rules of the

Awards.

.12

Page 13: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The Canadian Network of Asset Managers is pleased to announce the

CNAM Asset Management Pioneer Award

to recognize advancement of Asset Management in Canada.

Awards submissions will be accepted until March 29, 2019

ASSET MANAGEMENT PIONEER AWARD

Page 14: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

What is the CNAM Asset Management Pioneer Award?CNAM is pleased to continue a program to recognize Asset Management in Canada.

The CNAM Asset Management Pioneer Award honors and celebrates any individual that has:• Played an integral role in advancing the asset management industry in Canada• Demonstrated significant long-term commitment and unwavering dedication to the industry

.14

Is there an individual who has played an integral role in

advancing the asset management industry in Canada? If so, we

encourage you to nominate the individual for the annual

CNAM Pioneer Award.

Page 15: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

What are the benefits of entering the CNAM Asset Management Pioneer Award?A journey well-traveled deserves to be recognized by your peers and the asset management industry.

There are numerous benefits to nominating an individual for CNAM Asset Management Pioneer Award consideration:

• Internal and external recognition across Canada• Opportunities to motivate current and future asset managers• Opportunity for your name to be etched in the foundation of Asset Management in Canada• Great networking at the awards ceremony in conjunction with the annual CNAM Conference

How is the winning individual or organization recognized?The award winner will receive industry recognition and award keepsakes will be presented at the annual CNAM Conference Gala.

The CNAM Tereo Award recipient* may receive: • Commemorative trophy/plaque• Framed certificate• Honorary one-year CNAM membership• Public recognition

Presentation of the CNAM Asset Management Ambassador at the CNAM Conference Gala in Kelowna, BC in May 2019 - Article on the CNAM website

* Recognition details still being finalized and are therefore subject to change.

When is the deadline for submitting?You may enter any time before the closing date. Final submissions are due by March 29, 2019

What is the application fee?There is no application fee to enter the CNAM Asset Management Pioneer Award.

.15Pious Maposa902-825-6000 x7660 [email protected] of Halton

FOR MORE INFORMATION CONTACT:

Page 16: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The CNAM Asset Management Pioneer Award Criteria

Nominations to the CNAM Asset Management Pioneer Award program are welcomed from individual in public and private organizations across Canada who have played an integral role in advancing the asset management industry in Canada and celebrates their long-term commitment and unwavering dedication to the industry.

In judging applications for the award, CNAM will be looking for demonstrated contribution in one or more of the following areas:• Played an integral role in advancing the asset management industry in Canada• Demonstrated significant long-term commitment and unwavering dedication to the industry

.16

CNAM TEREOAWARDS

Page 17: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

The CNAM Asset Management Pinoeer Award Nomination Guidelines

Application ProcedurePlease complete all three steps as outlined below for nominated individual. Your application will not be considered unless all of the requirements have been met.

Part 1: Application Form. Applicants complete contact information along with a brief summary (200 words) of what the nominated individual has contributed to Asset Management in Canada.

Part 2: Paper. Applicants are encouraged to be brief and succinct in their responses. The maximum response to Part 2 of the submission is 750 words and should include:• Brief profile of the individual• An integral role played in advancing the asset management industry in Canada• Demonstrated significant long-term commitment and unwavering dedication to the industry

Part 3: News Release. A draft news release (200 words) summarizing Part 2.

Entry Deadline March 29, 2019

EligibilityCNAM Asset Management Pioneer Award applicants may be:• Individuals form both private or public sector, who have played an integral role in advancing the asset management industry in Canada• Individuals form both private or public sector that have demonstrated significant long-term commitment and unwavering dedication to the

industry

Applicants must be resident in Canada and must be a CNAM member of good standing (member at the time of the submission and at the time of the award presentation in conjunction with the annual CNAM Conference). Nominations will be accepted from either individuals or from organizations. Joint nominations are encouraged. Applicants may be self-nominated or nominated by others.

.17

Page 18: CNAM TEREOAWARDS · Terotechnology is a multidisciplinary approach to obtaining maximum economic benefit from physical assets. It is the combination of . management, financial, engineering,

RenominationAn applicant may reapply for a CNAM Asset Management Pioneer Award in subsequent years provided a new application form and supporting information are submitted, along with an update summary.

ConfdentialityApplications may be sent to outside experts for assessment. While the evaluators are asked to keep their findings in confidence, WE CANNOT GUARANTEE CONFIDENTIALITY. Therefore, if this is of concern to you, please wait until specific tools or techniques are protected by a patent before entering the awards program.

Rules of the Awards1. The Award will be administered by the CNAM Awards Committee, a subcommittee of the CNAM Board of Directors.2. The Awards Committee shall consider all applications properly made and material submitted with or in support of the

application.3. Material submitted with or in support of any application shall be received on the condition that:

3.1 CNAM shall not return such material or any portion thereof to the applicant.3.2 CNAM may make such disclosure of the names of applicants and brief summary of the details disclosed in such material

(unless the applicant specifically requests for this not to be done) as CNAM considers appropriate.3.3 In the case of the award-winning applicant, CNAM may utilize photos, award videos and additional information as it deems

appropriate (e.g. for news releases, advertisements, website, etc).3.4 No claim shall be made and no action shall be brought against CNAM, its Directors, Officers or members of the Awards

Committee arising out of the use made of such material or of any such disclosure.4. The applicant warrants that disclosure of material submitted with, or in support of, his/her application does not breach the terms of any

contract of employment or any contract, and that he/she is entitled to make use of the material.5. At the discretion of the Awards Committee, applications made in any year may be carried forward to following years. The applicant shall

be notifed if this occurs.6. The decision of the Awards Committee is final. If in the opinion of the Awards Committee there are no applications considered suitable

during a given year, no Award shall be given.7. Each application must sign the prescribed Application Form, which will constitute his/her agreement to be bound by the Rules of the

Awards.

.18