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The development of defensive prospects has improved under Treliving. Same goes for forwards. His RFA extensions have been pretty strong if you include Lindholm. Some UFA signings, including Ryan, Frolik, Johnson, Engelland, have been fine. Drafting has been good since 2015. He has had "near misses" on what could have been great trades.

However, Treliving has:
-Wasted many considerable assets acquiring sub-par goalies (2nd round pick on Mason McDonald, 2nd round pick on Parsons, Jones for Backstrom, 2nd and 3rd round picks for Elliott, 3rd round pick and two players for Smith, prospect and a pick for Lack, contracts given to Hiller and Talbot)
-Hired poor coaches when elite coaches were available
-Failed to acquire an elite number 1 center
-Failed to get the Flames past the first round, except in 2015 with what was largely Feaster and Sutter's team
-Signed Mason Raymond, Troy Brouwer, Michael Stone (after acquired), and James Neal as free agents
-Even the Gaudreau and Monahan contracts are worse than the contracts that were handed out to their peers at the same time (see Kucherov, Forsberg, Scheifele, MacKinnon). The Tkachuk contract lacks term, will require 9 mill qualifying offer
-Wasted assets on guys like Forbert, Fantenberg, Shore, Lack, and Hamoni

I think most fans agree that the team needs to make changes.
However, should Treliving be the one making these changes?