Abbott Project Management Playbook

FEP Assessments

What is it?

Why is it important?

Project Definition Rating Index (PDRI)

• Tool adopted from broad industry to assess level of project definition • The lower the score, the better • Target score of 200 at Gate 3; 400 at Gate 2 • Business reviews to assess whether project objectives are consistent with business objectives. • Technical project reviews with Corp Engineering / Division SMEs.

• Well-defined projects increase chances of achieving project objectives – less cost and schedule overruns, etc. • Standardized tool helps project teams understand where they stand vs. objective benchmark • Ensures scope alignment between project team and stakeholders. • Promotes consistent approaches to engineering solutions, including adherence to Abbott engineering standards, and best practices. Provides CE VP & Division engineering: • Independent evaluation of a project’s due diligence, engineering documentation, scope definition, challenges, risks – to support successful implementations and minimize risks to Abbott’s capital investments . • Simulations provide ability to better understand range of risks and potential outcomes, chances of achieving schedule targets (before execution). • Provides team with better decision tools during planning. • Simulations provide ability to better understand range of risks and potential outcomes, chances of achieving cost / budget targets (before execution). • Provides team with better decision tools during planning.

Gate Reviews

Design Reviews

RCE Reviews

• Summary assessment of capital projects > $2.5MM for CE VP.

SRA (Schedule Risk Assessments) @ Gates 2 and 3

• Software-driven quantitative analysis of schedule risks using probabilities and random sampling. • Standard analysis and industry benchmarked. • Software-driven quantitative analysis of cost estimate risks using probabilities & random sampling. • Standard analysis and industry benchmarked.

CRA (Cost Risk Assessments) @ Gates 2 and 3

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