Planview Launches Industry's First Comprehensive IT Portfolio Management Solution

Planview Enterprise enables technology leaders to align IT with business objectives

AUSTIN, Texas — March 1, 2005 — Planview, Inc., the leading provider of portfolio management solutions, today announced Planview Enterprise™, a comprehensive IT portfolio management solution that maximizes the business value of IT. Planview Enterprise empowers organizations to make critical decisions by balancing all IT resources — including people, funds, assets and processes — with overall business objectives.

With five to 10 percent of an organization's revenue spent on IT, there's a growing demand for IT to produce measurable business value. According to a recent Society of Information Management survey of 300 senior IT leaders, successful alignment of business and IT is a top management concern.

"IT management is frustrated with its inability to see fact-based views of IT activities," noted analyst Margo Visitacion in a report titled Integrated IT Management Drives Efficiency by Forrester Research, Inc., February 2005. "This includes demands on resources and plans for new initiatives, the cost and effort expended to maintain existing applications, and the performance and consumption of infrastructure resources on which the applications operate."

Planview's comprehensive IT management solution provides the visibility to bridge the information gap between business and IT.

"Our solution delivers transparent, integrated decision-making processes to allocate IT resources wisely," said Pat Durbin, chief executive officer at Planview. "Planview has a long history in IT resource management, and we are uniquely positioned to bridge this gap with business leaders."

One partner who helped with development of Planview Enterprise and recognizes the value of aligning business demand with limited IT resources is The E.W. Scripps Company. "This is more than an upgrade to Planview's current product," said Oscar de Jongh, managing director, Program Management Office at The E.W. Scripps Company. "This takes Planview's core competency in resource management and raises it to a whole new level that extends across the enterprise."

Planview Enterprise is comprised of Enterprise Portfolio Management, Project Portfolio Management and Service Portfolio Management software — each with intuitive navigation and drill-down dashboard views. Spanning each of these solutions is Planview’s PRISMS adaptive IT management best practices, an approach built on the knowledge base derived from over 400 customer engagements. A description of each component of Planview Enterprise follows:

• Enterprise Portfolio Management — Gives decision makers real-time intelligence on IT resource capacity, including staff and financial investments. Enterprise portfolio management uses investment analysis to prioritize strategies and ensure that they are aligned with existing IT resources. Through high-level dashboard capabilities, executives gain visibility into the efforts that consume IT spending. The end result is improved decision-making — and greater returns — on future investments.
• Project Portfolio Management — Gives project and resource managers unparalleled management and control capabilities, enhanced insight and drill-down views into project and resource portfolios enterprise-wide. Cross-project dependencies are clearly defined, and redundant work can be identified and eliminated. Project portfolio management provides project managers with tools to help them scope and estimate work, collaborate with resource managers, mitigate risks and link work with strategic lifecycles.
• Service Portfolio Management — Gives IT and business staff tools for financial planning, service topology and asset inventory to facilitate service delivery to the business. Planview uses the Information Technology Information Library (ITIL) standards as the foundation for IT service delivery. The result defines the total cost of the resources; labor, contracts and assets to deliver IT services to the business.
• PRISMS — PRISMS is a set of adaptive IT management best practices that enable customers to achieve improved process maturity in seven key areas. The solution allows companies to define, measure, analyze, improve and control technology services. PRISMS offers four different delivery mechanisms; documentation, software, onsite services and an online expert community. Planview's Process Delivery Center, a configurable infrastructure, further enables organizations to tailor PRISMS best practices to their requirements. It is an agile set of best practices reflective of the uniqueness of each organization.

Planview Enterprise is available immediately.

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.

Planview and PRISMS are trademarks of Planview, Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective owners.