Abbott Project Management Playbook

The Executive Summary will include the following sections: •

Proposal: Your proposal should outline the costs and benefits of the project clearly and succinctly. Ensure it contains sufficient detail to satisfy management needs. Proposals can include but are not limited to: o Project goal o Key financial and other benefits o Funding and resources, you are requesting o

Links between your project and business priorities

• Background: The Background should explain why the project is being initiated, what the prerequisites are, and what results are supposed to be obtained at thesuccessful completion. • Alternatives: This section should contain a brief description of each of the viable alternatives and a discussion of the reasons for rejecting each alternative in favor of the proposed project. This section should include an exhaustive evaluation of all practical alternatives. The proposed project should not be listed as one of the alternatives. • Justification: Include a discussion of the importance of implementing the project and realizing its expected benefits. If your project has financial elements, the justification should include both the financial and non-financial benefits and objectives. • Reconciliation: Describe the reasons for any significant differences between a project's "Capital – Requested” vs. "Capital - Planned" and "Capital Latest Update". Also, indicate the source of funds for unbudgeted projects. • Cash Flow: Is the total amount of money being transferred into and out of the business. Include the timing of capital and expense spend. • Scope: The work performed to deliver a product, service, or result with the specified features and functions • Financial Assumptions: Detailed financial assumptions including sources of estimates included in the business case • Schedule: Summary timeline for execution or project and reporting milestones identified • Planning Documentation and Assessment: Requirements for compliance with Front End Planning (FEP), IT Phase 0, or IT RAPID (as applicable) documented and included with business case artifacts including, but not limited to: stakeholder approvals of scope, time etc., risk assessments, design concepts, flexibility considerations, layouts, Monte Carlo assessments of cost & schedule estimates, regulatory / safety / security considerations, permitting requirements, quality considerations and compliance

1.2 B USINESS S TRATEGY Example Business Strategy Statement: From our investor website: Abbott is a globally diversified healthcare company with a central purpose to help people live their healthiest possible lives .

Business Strategy should include the following elements:

• Balance: Well-balanced business diversity. • Global Presence: Details on global footing and growth.

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