Awards submissions will be accepted until January 31, 2012.

The Canadian Network of Asset Managers is pleased to announce the

first annual CNAM Tereo Asset Management Awards

to recognize Asset Management in Canada.

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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 first annual

CNAM Tereo Asset Management Awards.

What are the CNAM Tereo Asset Management Awards?

CNAM is pleased to introduce 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.

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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 benefits 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 Workshop

How is the winning organization recognized?

The award winner will receive industry recognition and award keepsakes will be presented at

the annual CNAM Workshop 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 Workshop Gala in Montreal in May 2012 - 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 January 31, 2012.

What is the application fee?

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

FOR MORE INFORMATION CONTACT:

Bradley Leeman, City of Edmonton

CNAM Tereo Awards Committee Chair

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CNAM TEREO

AWARDS

SPONSORSHIP

Interested in having your company name associated with excellence in Asset Management in Canada? Consider becoming the first ever CNAM Tereo Awards Sponsor.

Contact us for more details [email protected]

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

- Improvements in service delivery to customers/users - Cost minimization

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The CNAM Tereo Awards Submission Guidelines

Application Procedure

Please 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. Applicant’s 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 applicant’s 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 outcomes achieved, including a quote from a key player in the project.

Entry Deadline

January 31, 2012

Eligibility

CNAM 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 the annual CNAM Workshop).

Applications will be accepted from either individuals or from organizations. Joint submissions are encouraged.

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Renomination

An 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.

Confidentiality

Applications 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 Awards

1. 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 a brief summary of the details disclosed in such material (unless the applicant specifically requests for this not 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 other 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 applicant must sign the prescribed Application Form, which will constitute his/her agreement to be bound by the Rules of the Awards.

The CNAM Tereo Awards Application Form

(street, city, province, postal)

Email

Phone

Team Member Names

(include organization name if different from above)

Brief Summary (200 words maximum)

Paper (750 words)

News Release (200 words)

Primary Applicant Signature

I, the above named applicant, hereby certify that I am a current member of the Canadian Network of Asset Managers, I am a resident of Canada, and that I have read and agree to be bound by the Rules of the Awards.

Signature: Date:

Please download

the MS Word

Application Form from

www.cnam.ca/awards

Submit completed

Application Form to:

Canadian Network of Asset Managers [email protected] Deadline: January 31, 2012

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