Planview Portfolio Management Version 7.3 Adds Strategic Management and Governance Model

New solution to help organizations manage risk and control costs launched at Gartner West Symposium/ITxpo2003

AUSTIN, Texas — Mar. 24, 2003 — Planview, Inc., the world leader in integrated portfolio, resource and project management solutions, launched its Version 7.3 at the Gartner West Symposium and ITxpo2003 in San Diego, California today. Planview Portfolio Management Version 7.3 delivers an integrated governance model, strategic management and resource & work management. The governance model is mature, proven management processes for picking the right work and using resources productively. Strategic Management is defining, scoring and prioritizing investment opportunities to pick the right work and measure performance. And Resource & Work Management is planning and managing how resources are assigned to getting projects done. The results are an integrated approach to managing risks and containing costs. New portfolio portals deliver investment and performance information directly to the desktop of the right person. In addition Planview PRISMS™ real-time business processes are extended to include investment stage/gates and dynamically built investment and project lifecycles. New resource and work management features include an enhanced web-based time and expense billing module and a new resource manager's portal to supply real-time information on overloads, staff availability, unfulfilled requirements, group performance and more.

"Our studies show that improving the governance model can offer real productivity improvements in IS/IT organizations," said Matt Light, Research Director with Gartner Inc. "Planning the right portfolio of IT projects can be done better using suitable applications — some of which can also enable improved resource utilization as well as better budget management and real-time risk management, all yielding a significant return on investment."

"Planview has a successful history in resource and project management." said Planview CEO and Founder, Patrick Durbin. "It is a natural extension for us to move into strategic business management and to address investment analysis. We understand the metrics needed to rank, score and prioritize investment opportunities and the performance information that keep investment owners informed."

Planview Portfolio Management Version 7.3 Includes:

• Strategic Management — Rich strategic management functions use an investment model to rank and score investment opportunities, with an Investment Owner having varying levels of control via an Investment Portfolio portal, and a Portfolio Performance Portal for stakeholders and managers.
• PRISMS™ Real-time Business Processes — Planview's mature and repeatable business processes to define a governance model for turning ideas into valuable assets now include investment management to mitigate project risks and enhance investment performance through an integrated investment and project stage/gate process.
• Expanded & Enhanced Planview Portals — Three new Planview portals support real-time enterprises and adaptive workspaces for investment owners, portfolio and resource managers: an Investment Portfolio Portal, a Performance Portfolio Portal and a Resource Portal.
• Enhanced Resource Capacity Planning — A new Planview Resource Portal provides real-time staff and contractor metrics, analytics, as well as real-time usage and capacity information, while Full-Time Equivalent (FTE) conversions let organizations do true resource capacity planning, including part-time and contract workers; plus much more.
• Dynamic Project Lifecycles — Easily build and tailor flexible lifecycles as projects move from Ideas to Assets — with new Planview Stage/Gates processes that allow an organization's process architects to build custom interactive screens that lead the appropriate roles through the lifecycle and dynamically redirect the project steps based on the information collected.
• Tracking Investment Costs & Benefits — Expanded, powerful tools to manage and track the time phased cost and benefits of projects and products.
• Enhanced Web-based Time and Expense Billing module adds pay codes to meet international standards and the most stringent U.S. state standards for time collection.
• Full-text search added to the content management functions.
• Improved multi-project what-if analysis to evaluate the possible impact across projects of changes, risks and issues.

Pricing and Availability of Version 7.3:

Planview solutions are defined by user role, base products and premium products. User roles define security and access rights to software functions. The base products include the PRISMS process library and software infrastructure. Premium products supply additional optional functionality. Planview Portfolio Management Version 7.3 is licensed by the role, plus base and premium products. Typical configurations start at $50,000. Customers now also have the option to implement strategic management or resource & work management, with an upgrade path to complete portfolio management. Planview Portfolio Management Version 7.3 in English is available in June, 2003. Version 7.3 in French, German and Italian is available in September, 2003.

About Gartner Symposium/ITxpo

Gartner Symposium/ITxpo is the IT industry's largest and most strategic conference, providing business leaders with a look at the future of IT. For more than 10,000 IT professionals from the world's leading enterprises, Gartner's annual Symposium/ITxpo event are key components of their annual planning efforts. Attendees are responsible for more than $35 billion in IT spending for their respective companies, and rely on Gartner Symposium/ITxpo to gain insight into how their organizations can use technology to address business challenges and improve operational efficiency. For more information, please visit www.gartner.com/symposium.

About Planview

Planview Web Software is unique in that it allows an organization to integrate strategic, resource and work management within a formal, proven governance model. The solution is based on the resource capacity and skills of an organization's people, both present and planned, including contractors and other virtual staff. Founded in 1989, Planview is the world leader in integrated portfolio, resource and project management software and processes to Global 3000 organizations. Allianz, Allied Irish Banks, BMC Software, Discover, National City Insurance, Pfizer, Reuters, State of Connecticut Department of IT, Volkswagen America, Zurich North America, and others make up the over 350 clients who have licensed more than 225,000 copies of Planview software. The company has headquarters in Austin, Texas, with field offices across the US, in Germany, the UK, Italy, Benelux and France. Planview is privately held, financially conservative, and has enjoyed ten straight years of profitability and increasing revenue. For more information, contact Planview at www.Planview.com.

Planview is a registered trademark of Planview, Inc. PRISMS is a trademark of Planview Inc. Gartner and ITxpo are trademarks of the Gartner Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective companies. Planview reserves the right to change specifications of its product at any time without incurring obligations.