PricewaterhouseCoopers and Planview Alliance to Bring a Powerful IT Governance Solution to Market

Will provide automated IT process improvement and change management

AUSTIN, Texas — August 10, 2004 — PricewaterhouseCoopers (PwC) LLP and Planview, Inc., a leading provider of IT portfolio management and corporate IT governance solutions, have formed an alliance to help clients automate information technology process improvement and change management initiatives.

Under the agreement, joint PwC and Planview clients will be able to take advantage of PwC's extensive domain knowledge and methodologies for process improvement and change management as well as Planview's IT portfolio management software and its PRISMS™ best industry practices for effective IT governance and resource management. Specifically, the alliance will entail staff cross training, joint marketing and sales as well as mutual client engagements.

"Establishing IT governance extends beyond acquiring and implementing software, into various areas of organizational change and process improvement," said Matt Light, research director, Gartner Research. "Companies may adopt the right tools but must also adapt their processes to better leverage and control their IT investments."

Specific process changes that will be facilitated under the alliance include IT governance, change management, strategic IT management, IT portfolio management, workflow, lifecycle and content management, cost mitigation, benefit tracking and realization, and resource management.

"Planview's process automation software tools and their Six Sigma-inspired implementation approach, PRISMS for IT Governance and resource management complement our process improvement and project management capabilities," said PricewaterhouseCoopers Partner Kevin Malley.

"We see this alliance as addressing some of the key issues that our clients face when implementing changes across their IT organization," said Greg Gilmore, chief operating officer at Planview. "PwC has substantial experience at disciplined and auditable processes, project management and process improvement. Planview offers the tools to automate these processes and make them repeatable. Our clients can be confident that their IT initiatives create real stockholder value and help them with organizational changes such as those necessary to meet regulatory requirements or cost management initiatives."

About Planview

Founded in 1989, Planview enables enterprises to make business sense out of IT. More than 350 customers and 400,000 users at industry leaders, including Allianz, Farmers Insurance, Pfizer, Reuters, the State of Connecticut Department of Information Technology, Volkswagen America and Zurich North America, rely on Planview's Portfolio Management Software, PRISMS™, Customer Implementation Assurance and Planview Direct™ to forecast, plan, manage and execute their portfolio of projects. 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 11 straight years of profitability and increasing revenue. For more information, visit www.planview.com.

About PricewaterhouseCoopers LLP

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax, and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.

"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

Planview is a registered trademark of Planview, Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective companies.