PHILADELPHIA, Pa., Sept. 1, 2004 -- Primavera Systems, the leading provider of project, resource and portfolio management solutions, today announced the availability of its newest release, Primavera(R) IT Project Office. Primavera's solution for IT project management offices is the only one today that enables organizations to reliably deploy and enforce IT governance procedures.

"With Primavera, companies are finally able to quickly and easily implement governance practices and alignment strategies that allow IT organizations to align with all areas of the business," explained Joel M. Koppelman, Primavera CEO. "The software helps streamline business processes by providing top-to-bottom alignment of people, processes and projects."

"Firms with focused strategies and superior IT governance had more than 20 percent higher profits than firms with poor governance given the same strategic objectives," stated MIT's Dr. Peter Weill in his recent book with Jeanne Ross on IT governance (HBS Press 2004).

Primavera's innovative dashboard, workflow and collaboration capabilities facilitate rapid decision-making and ensure accountability to deliver IT value. Primavera enables companies to:

-- quickly identify the right IT projects and programs to pursue

-- accurately track progress against internal IT metrics using comprehensive project plans and baselines

-- provide visibility and facilitate the flow of key information to decision-makers

Fast, reliable decision-making

Primavera puts governance standards into practice by providing real-time dashboards for more proactive decision-making and prioritization. A new powerful weighted scoring mechanism allows for the capture and evaluation of each proposed effort against a common set of approved metrics. Decisions about projects are made much earlier, eliminating resource juggling and wasted effort.

Improve Accountability

Primavera is the first application that enables organizations to proactively deploy their IT governance frameworks. The flexible workflow functionality automatically maintains audit trails from the time a project is requested through its completion -- tracking all scope and budget changes as the project progresses. In addition, methodologies and reusable templates can be quickly created and distributed, allowing for more efficient project starts.

Demonstrate IT Value

Primavera's new collaborative workspaces help IT organizations demonstrate value. These innovative workspaces allow teams to easily share project information and documents and, more importantly, identify and escalate potential problems as they occur. Decisions made at the team level are automatically distributed to management to ensure all potential issues receive timely consideration on both current and proposed projects. In turn, business units are armed with critical information to respond confidently and rapidly - without delaying project deliverables.

About Primavera Systems, Inc.

Primavera is the largest independent provider of collaborative project, resource and portfolio management solutions. Primavera's world-class software and services are used by the Global 2000 to choose the set of projects that best enable their strategy, to plan, control and govern the chosen projects, and to accelerate the delivery of high-quality results for themselves and their clients. Primavera provides in-depth solutions for projects involving information technology, engineering and construction, maintenance and turnaround, new product development, as well as professional service engagements. Gartner and META Group have each recognized Primavera as a Project Portfolio Management leader as have more than 60,000 companies in 164 countries. For more information, visit www.primavera.com or call +1.800.423.0245.

Primavera and the Primavera sundial logo are trademarks of Primavera Systems, Inc. All other trademarks mentioned herein are the property of their respective owners.

Primavera Systems, Inc.
Kelly Henry, (610) 949-6913
khenry@primavera.com