What does PAB mean in GENERAL

The Project Approval Board (PAB) is an internal body within an organization representing different stakeholder disciplines, such as management, engineering and finance, that reviews and approves major projects to ensure that they meet the desired project objectives.

Consulting the PAB prior to commencing on any major project ensures that all stakeholders are in agreement on the desired outcomes and helps mitigate unnecessary risks associated with large investments of time, money and resources.

PABs typically consist of members from the organization's upper management or C-suite teams, representatives from each of the necessary stakeholders including members of core project team, finance and legal departments, relevant subject matter experts, as well as external consultants or advisors.

Prior to presenting at a meeting with the PAB, it is essential for all project stakeholders to be prepared by providing an executive summary of the project goals, intended outcomes and timeline & budget estimates. Be sure to communicate how this particular investment will benefit the company in terms of growth and profitability.

Before addressing the board it's important to ensure that you have clearly identified your key objectives for the meeting from both an informational and decision-making perspective. Provide concise facts and figures regarding expected costs & timelines as well as any relevant competitive data & analysis which support your proposal or argument. Make sure you understand their current policies & practices so there are no surprises during your presentation.

Usually someone who has experience in leading team meetings would be best suited to facilitate meetings made up of senior level executives and highly qualified stakeholders. This could be an internal facilitator or someone appointed externally who is familiar with strategic decision making processes & protocol.

Prior to formally presenting your proposal, create further opportunity for feedback from other key stakeholders including members from different departments or senior leaders who may not regularly sit on meetings with the PAB but still hold valuable input into the decision-making process.

Yes! It's important that all proposals presented before a PAB are backed up by compelling evidence which demonstrates why the proposed project should be approved over any potential alternative solutions including competitors offering cheaper options or timescales faster than yours.