Abbott Project Management Playbook

At Abbott, FEP occurs at two levels – Governance and Project: • Governance describes the mechanisms an organization uses to ensure that its established processes and policies are followed. Specifically, capital governance refers to management’s responsible oversight to ensure each project’s alignment with business objectives (includes Gatekeeping, among others) • At the Governance level, gates represent decision points (go/no-go) for a project’s decision-makers. At the project level, gates represent deliverable milestones for the project team. • Project-Level FEP refers to the business and technical definition of a project to meet the desired business objectives. At Abbott deliverables are confirmed through Governance for Capital Plan and RCE gates and are required for Capital ≥ $2.5 MM Gatekeeping: • Decision points along project lifecycle • Strategic project evaluation and review to ensure alignment with business objectives Gatekeepers: • Have authority to represent key stakeholders • Determine if a project moves forward

• Allocate resources Decision to be Made: • Approve, Return, or Disapprove

FEP Benefits:

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