Planview Enhances Portfolio Management Solution for Improved IT Governance

Process management and investment analysis features enable Planview customers to better align IT projects with business objectives

AUSTIN, Texas — January 14, 2004 — Planview, Inc., a leading provider of integrated enterprise portfolio, resource and project management software and services, has extended its portfolio management solution with new features to provide the foundation for successful corporate IT governance. With improved investment analysis, financial forecasting and resource management, Planview Portfolio Management Version 7.3.2 delivers the software and processes that help organizations align IT projects with business objectives to focus resources, contain costs and manage risks.

"Increasingly, G2000 companies recognize the benefits of utilizing portfolio management software to not only deliver productivity and cost benefits, but also to enable improved governance through greater project transparency," said Melinda-Carol Ballou, senior research analyst at META Group. "Mature organizations that implement effective, repeatable processes to manage investments, define project lifecycles, and analyze opportunities help to ensure that IT resource allocations are prioritized and justified for greater ROI."

Introduced in March 2003, Planview Version 7.3 delivered an integrated governance model through PRISMS™ for IT Governance Processes, in addition to portfolio management, strategic management, and resource and work management solutions. In Planview Version 7.3.2, the governance model provides improved demand management through a consistent work initialization process, best practices for estimating work, a resource optimization tool designed to find work for underutilized resources, and improved benefit tracking. Implemented alongside Planview PRISMS' mature, proven strategic management processes and resource and work management capabilities, enterprises are able to define, score and prioritize investment opportunities, pick the right work, and plan, manage and measure the performance of project assignments to completion. The result is an organizational structure better equipped to govern change, manage risks and contain costs.

"Many organizations currently devote the bulk of their IT expenditures to running the business, and executives want to commit more of those resources to growing or transforming the business," says Patrick Durbin, Planview CEO. "They are trying to accomplish this through outsourcing, or hiring additional IT staff and putting business executives in senior IT positions. Planview portfolio management enables corporate and IT executives to more clearly identify and assess the real value created by these changes in IT, and can help manage risks. The results are more informed control of how IT resources are spent and the best return on IT investments."

About Planview

Founded in 1989, Planview is a leading provider of integrated portfolio, resource and project management software and services to Global 3000 organizations. With industry expertise across the financial services, manufacturing, pharmaceutical, government and professional services markets, more than 225,000 users at leading customers including Allianz, Farmers Insurance, Pfizer, Reuters, State of Connecticut Department of Information Technology, Volkswagen America and Zurich North America, rely on Planview to effectively forecast, plan, manage and execute their portfolio of projects, helping them make decisions, manage risks, and complete projects faster at lower cost. Planview is headquartered in Austin, Texas, with offices throughout the United States, the UK, France, Germany, Italy and the Netherlands. Privately held, Planview 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. All other product and company names may or may not be trademarks or registered trademarks of their respective owners.