2021 Tereo Awards

NEW THIS YEAR: Video Submissions!

The Canadian Network of Asset Managers is pleased to announce that the Annual CNAM Tereo Asset Management Awards to recognize Asset Management in Canada are back!

To align with our Virtual Conference, this year we have simplified the application process and are accepting all nominations via video submission! The 2021 Tereo Awards presentation will take place during the 2021 CNAM Virtual Conference (time to be confirmed). 


 

Submit a Nomination

Table of Contents

 

Awards Information

WHEN IS THE DEADLINE FOR SUBMISSION?
You may enter any time before the closing date – Final submissions are due by February 12, 2021.
 
WHAT IS THE APPLICATION FEE?
There is no application fee to enter the CNAM Tereo Asset Management Awards.
 
CAN I RESUBMIT?
An applicant may reapply in subsequent years provided a new application form and supporting information are submitted, along with an update summary.
 
CNAM WILL PRESENT THREE AWARDS AT THE ANNUAL CONFERENCE:
 
1. Tereo Award
Is your organization successfully developing and implementing asset management approaches to effect business improvement? If so, we want to here your story and encourage you to submit an entry into the annual CNAM Tereo Asset Management Award.
 
2. Ambassador Award
Is there an individual or organization whose efforts reflect a commitment above and beyond the accepted expectation of the asset management industry in Canada? IIf so, we want to here your story and encourage you to nominate the individual or organization for the inaugural CNAM Asset Management Ambassador Award.
 

3. Pioneer Award

Is there an individual who has played an integral role in advancing the asset management industry in Canada? If so, we want to here your story and encourage you to nominate the individual for the annual CNAM Pioneer Award.

 

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Awards Criteria

 
The criteria for each Award is as follows:
 

Tereo Award

Purpose of Award:

  • Demonstration of recent innovative talent in developing and successfully implementing a new concept, process or procedure in the field of asset management,
    or
  • Demonstration of significant improvement in business performance through the adoption of asset management tools and techniques or approaches

Criteria:

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

Eligibility

  • 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. 

 

Ambassador Award

Purpose of Award and Criteria:

  • 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.

Eligibility:

  • Individuals or organizations from both private and public sector.
  • 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.

 

Asset Management Pioneer Award

Purpose of the Award and Criteria:

  • Playing an integral role in advancing the asset management industry in Canada.
  • Demonstration of significant long-term commitment and unwavering dedication to the industry.

Eligibility:

  • Individuals form both private or public sector.
  • 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.

 

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Tereo Award Submission

 

THE CNAM TEREO AWARD SUBMISSION GUIDELINES:

This year’s Tereo Awards application process has been simplified to make it even easier to recognize this year’s achievements in asset management.
Please complete the following short application form and video submission. Your application will not be considered unless all of the requirements have been met.
 

NEW THIS YEAR: Video Submission

Please submit a video (up to 2 minutes in length) that includes a brief description of the project in association with the awards eligibility and criteria (i.e. outlining the approach taken and associated outcomes).
 

Entry Deadline

February 12, 2021

Entry Rules

  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 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, awards ceremony 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.

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.

 

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Submit a Nomination

 

 

For questions please contact:

Jennifer Duncan, Awards Chair
jennifer.duncan@novascotia.ca