PeopleSoft Delivers Project Portfolio Management; New Solutions Enable Companies to Make Smarter Investment Decisions and Significantly Reduce IT Costs

Business Wire,  Dec 16, 2002  

Tags: information technology, IT cost, PeopleSoft Inc., project portfolio management

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Business Editors/High-Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 16, 2002

PeopleSoft, Inc. (Nasdaq:PSFT) today announced the availability of Project Portfolio Management, a powerful new analytic solution within its industry-leading Enterprise Service Automation (ESA) suite. PeopleSoft also announced availability of the ESA Warehouse, a central data repository and robust reporting and analysis tool that delivers a 360-degree view of project data.

The new solutions enable companies to prioritize project investment decisions and consolidate data for more accurate insight into project, resource, and expense costs. Organizations can choose projects with the best fit to their strategic goals as well as the highest return on investment (ROI), and then manage those projects to successful completion.

"Our research indicates that 89 percent of companies have virtually no metrics for managing information technology (IT) investments," said Ron Hanscome, senior program director, META Group, Inc. "Leading IT organizations are embracing project portfolio management to optimize investments and control costs. Companies that manage projects as a portfolio have an opportunity to reduce IT spending by up to 30 percent."

"PeopleSoft's Project Portfolio Management solution can enable Cap Gemini Ernst & Young and our Fortune 1000 clients to align and monitor IT projects with critical business strategies. Executives now have the tools to collaborate on and effectively measure their investment decisions," said Mark Richardson, vice president, CGE&Y Financial Services Sector.

PeopleSoft ESA allows companies to optimize project investments, reduce project delivery costs and maximize resource utilization to increase overall value to their organizations. The solution is currently being used by more than 250 leading organizations.

"PeopleSoft's new analytics solutions give senior executives the tools to make smarter investment decisions. They also allow companies to hold program and line managers accountable for day-to-day project and resource decisions," said Renee Lorton, senior vice president and general manager of PeopleSoft Financial Management Solutions. "In an economy where every dollar counts, PeopleSoft Project Portfolio Management allows customers to focus on their highest valued projects and resources while reducing costs."

PeopleSoft Project Portfolio Management and ESA Warehouse are available immediately.

About PeopleSoft

PeopleSoft (Nasdaq:PSFT) is the world's leading provider of application software for the real-time enterprise. PeopleSoft pure Internet software enables organizations to reduce costs and increase productivity by directly connecting customers, suppliers, partners and employees to business processes on-line, in real time. PeopleSoft's integrated, best-in-class applications include Customer Relationship Management, Supply Chain Management, Human Capital Management, Financial Management and Application Integration. Today more than 4,900 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.

Note to Editors: PeopleSoft and the PeopleSoft logo are registered trademarks. All other company and product names may be trademarks of their respective owners.

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