September 2, 2003

FOR IMMEDIATE RELEASE Contact: John Glander VP Project Delivery Mentoring (201)377-5517 (201)221-7776 ( Fax ) LEVEL 5 PARTNERS ANNOUNCES RELEASE OF VIRTUAL PROGRAM MANAGEMENT OFFICE Iselin, NJ - September 2, 2003 - Level 5 Partners, a Project Management and PMO mentoring organization, announced the general availability of the Virtual Program Management Office(vPMO), a turnkey PMO solution. The vPMO Advantage The vPMO has many advantages over its peers in the enterprise program management space. Some of the highlights include: The vPMO product is the first of its kind to manage the entire Project Delivery Lifecycle from budget/concept to project management, all the way through post implementation support. Because the vPMO can be deployed in a application service provider model, the time and cost required to deploy a full PMO solution can be significantly reduced. Project Portfolio Management is tightly integrated with all components including the project budgeting, project delivery, post project support and resource planning modules. It is built as a web based product from the beginning and its user interface reflects that advantage Key Components The vPMO is an extensible platform that has 5 key components. Components can be deployed as an integrated portal or as individual centers of productivity depending on a clients individual needs. The key components include: The Portfolio Management Center (PMC) is a tool for evaluating, prioritizing, and approving initiatives and bringing them inline with business strategy and IT resource constraints. The PMC is used to create a "mini-business plan" for each initiative. The plan includes a project overview, risk management plan, proposed milestones, proposed team members, return on investment analysis, and key contacts repository. The Project Delivery Centers (PDC) is a project repository used for project coordination, team collaboration, requirements management, system design, and testing. In essence it is an end-to-end project repository. The Project Continuum (PC) is used to plan post-delivery support and maintenance. Its high-level components include Disaster Recovery Planning, Trouble Call Log, and System Documentation. The Human Asset Management (HAM) is an integrated vPMO component that helps in identifying the right resource for each project role. It includes a resource inventory of resource skill sets, resumes, and resource availability. The GURU Center is an integrated "Best Practices" and "Knowledge Management" reference utility designed to provide the project team with templates, knowledge tidbits, technical standards, product reviews, outside resources and links. This mind-share is valuable for promoting cross-project synergy and knowledge reuse. About Level 5 Partners Level 5 Partners, Inc. is a privately held company whose mission is to enhance organizations project delivery capability. Founded in 2002, Level 5 Partners is headquartered in Iselin, New Jersey. Its primary product, the Virtual Program Management Office(vPMO) is a program management office portal that includes Portfolio Management (pre-project analysis), Product Development Centers (project realization), Project Continuum (post-project support), Resource Planning (project staffing optimization), and Knowledge Management (cross-initiative knowledge share). It is the first product of its kind to include a true "full project lifecycle" capability. For more information on Level 5 Partners, Inc. visit us on the web at www.level5partners.com. # # #