IEC TS 62361-102:2018(E) outlines a technical approach for achieving effective information exchange between power system installations governed by IEC 61850 and business systems integrated with IEC CIM standard data exchanges, based on a selected specific set of use cases, but also with the goal of creating a framework that will extend successfully to other use cases in the future. This document includes proposals to 'harmonize' the two standards by adapting or extending existing information models and/or defining new models, where such changes will enable more effective communication. Both current and future directions of models will be considered. The report will take into account existing standards for semantics, services, protocols, system configuration language, and architecture.