Abbott Project Management Playbook

• All assets are available for use as of the date indicated and are ready to be transferred to final fixed assets • All stakeholders have accepted the project • All asset information has been provided to PAAS (Project Accounting) o For AN and GES this means that the Asset Information Form (AIF) is in Share Point and is in its final form (with the exception of capitalization data which is the responsibility of PAAS). o For Divisions not using the AIF, the information is to be provided through the customary forms agreed to by Division and PAAS • All work orders have been closed

Project “Closed” means:

• No further commitments, spending or capitalization activities take place • All assets have been capitalized • All spending (payments made against commitments) is complete

• Project s hould be closed within 90 days of being “Complete”

Project Closure provides a good opportunity to:

• Capture project metrics (Final Cost/Schedule Accuracy; Change Orders; Right First-Time tracking may begin)

Capture Lessons Learned o

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Allows for the improvement of overall project performance by applying Lessons Learned from past projects into the planning of new projects o Go back and evaluate processes to assess if anything could have been done better o Recommended to conduct some sort of Lessons Learned after major milestones o Try to build into risk assessment template

o Submit Lesson Learned Log for the rest of the Abbott Engineering Community

Useful Links:

Closeout Checklist

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GES Project Closure Guideline Lessons Learned Template Lessons Learned Repository

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• IT Specific Templates (Business & Technology Services PMO Processes and Templates Library)

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