Abbott Project Management Playbook

Below is a table to compare the key features of Standard Project versus an Accelerated Project.

Project Feature

Standard Projects

Accelerated Projects

Project Deliverables

Pre-determined deliverables

Critical deliverables to support project approval and execution

FEP Approach

Traditional Gate Approvals

Preliminary Funding and Project Acceleration meeting

Project Sponsor Approval

Standard project sponsor period updates by PM

Dedicated leadership team for rapid approval of decisions

Funding Approval

Approval of standard RCE

Early approval of phased large Pre-Funding Requests, with standard RCE to follow

Additional Funding Process

Business re-alignment prior to RCE submissions. Potential unanticipated supplemental

Project Review Meeting for pre-construction scope/cost review. Early identification of

supplemental funding requirements/need.

Acceleration for Project Execution

The execution of an accelerated project requires continuous planning and close monitoring of the progression of work against the project schedule and Abbott quality standards. Each project will have unique challenges throughout the execution of the project and will use a combination of traditional acceleration approaches like “fast - tracking” and other alternate construction execution approaches to get to the desired result. The table below is a summary of common acceleration tactics and their benefits and drawbacks.

49