Purpose of Award:
 
· Recognize 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
 
*Applicants can be self-nominated or nominated by others.
**Any one question can be chosen out of #7, #8, #9 by the applicant to provide information about the project or service.

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* 1. Application submitted by:

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* 2. Name of Organization:

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* 3. Name of Submitter:

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* 4. Phone Number of Submitter:

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* 5. Email of Submitter:

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* 6. Executive Summary:
Use the space below to provide an executive summary of the project.  The summary may contain a maximum of 300 words and should be similar in nature to a press release.

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* 7. Development and implementation:
To what extent does your project or service meet the following criteria? (max 250 words)
· 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

Question Title

* 8. Innovative or novel approaches:
To what extent does your project or service meet the following criteria? (max 250 words)
· 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

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* 9. Improvement to business performance:
To what extent does your project or service meet the following criteria? (max 250 words)
· Improvement in service delivery to customers/users
· Cost minimization
· Robust and transparent approaches to risk management

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* 10. Press Release:
Please submit a draft press release as if your submission wins to this Dropbox folder.

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* 11. Video Submission:
Please submit a video 2- 3 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). Please ensure this video is recorded in a landscape format as if giving a professional presentation to colleagues online. Note that if you are selected, your video will be shown at the conference during the awards ceremony. Please submit the video to this Dropbox folder.

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