NR NR/L2/P3M/201 ISSUE 1 PDF

This Network Rail standard specifies:

a) the PACE lifecycle and phases;

b) PACE milestones;

c) PACE Products; and

d) Phase Readiness Reviews.

This standard is part of the Capital Delivery Core Process and relates to NR/L1/INI/P3M/100.

It applies to projects that require Investment Authority as defined within IR01 Investment Regulations and enhance or renew the operational railway.

Purpose

Project Acceleration in a Controlled Environment (PACE) describes how Network Rail manages and controls investment projects on the rail network.

Network Rail has developed this approach to managing projects in order to minimise and mitigate the risks associated with project development and delivery.

The approach is based on best practice within comparable industries that undertake major investment projects.

Implementation of this standard will reduce the reputational and financial risk related to the delivery of complex projects.

PACE provides a more flexible control framework enabling Sponsors and Project Managers to tailor the controls herein to better meet the requirements of their project.