PeopleSoft Expands Industry Leading Enterprise Service Automation Suite; Two New Products Will Enable Greater Cost Control and Project Investment Analysis

Business Wire, August 26, 2002

Business Editors/High-Tech Writers

Connect 2002

NEW ORLEANS--(BUSINESS WIRE)--Aug. 26, 2002

At Connect 2002, PeopleSoft, Inc. (Nasdaq:PSFT) today announced Project Portfolio Management and ESA Warehouse, two new solutions in its industry-leading Enterprise Service Automation (ESA) suite. With Project Portfolio Management, organizations can evaluate, monitor and compare key performance information on new and existing projects. ESA Warehouse consolidates data from multiple sources for accurate reporting, analysis and insight into operating costs. As a result, companies can choose the projects with the highest projected return on investment (ROI) and manage them to successful completion.

"Companies that adopt project portfolio management tools and techniques for their internal IT departments have the potential to save hundreds of thousands, if not millions of dollars each year," said Ted Kempf, principal analyst at Gartner. "By marrying real-time business intelligence and analytics with transaction systems, project portfolio management solutions help companies make smarter investment decisions."

PeopleSoft Project Portfolio Management

As an example, more than 70 percent of corporations believe that they do not effectively tie IT project investments to their business strategy, according to a Mainstay Partners study. PeopleSoft Project Portfolio Management has been designed to enable managers to evaluate and prioritize initiatives based on internal goals and predefined metrics such as cost, risk and ROI. Portfolio maps, scorecards, and reports will enable users to visually analyze and compare projects, and isolate individual projects to drill down into underlying data and reports.

PeopleSoft ESA Warehouse

Today's finance organizations are dependent upon multiple sources of information and unstructured data to gain insight into operating costs. PeopleSoft ESA Warehouse is a single source for reporting, analysis, and insight into these costs, and provides complete project visibility. The only data warehouse solution designed specifically for service operations, ESA Warehouse addresses the needs of both enterprise project offices and professional service organizations.

"Project and services costs can account for more than 50 percent of a company's spend," said Renee Lorton, senior vice president and general manager of PeopleSoft Financial Management Solutions. "PeopleSoft Project Portfolio Management and ESA Warehouse will arm our customers with sophisticated new weapons in the fight against uncontrolled expenditures on services and projects."

PeopleSoft launched its ESA suite of solutions at Connect 2001. Today, more than 200 companies have selected or deployed PeopleSoft's award-winning ESA solution, including Sun Microsystems, Siemens Medical Systems, BEA Systems and the Texas Education Agency.

Project Portfolio Management and ESA Warehouse will be available in the fourth quarter.

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. More than 4,800 organizations in 140 countries run on PeopleSoft software. For more information, visit us at www.peoplesoft.com.

Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Factors that may bear on the accuracy of these predictions include economic conditions in the U.S. and abroad, the ability to complete and deliver products and services within currently estimated time frames and budgets, market response to product announcements, and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. Please refer to the Company's periodic reports to shareholders (Forms 10-K and 10-Q) for more information on the risk factors that could cause actual results to differ.

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