PMXML Standards Organization
Pacific Edge Software Adds Industry Leaders to PMXML Consortium
NASA, Oracle Among New Members of PMXML Standards Organization
Bellevue, WA, USA. June 3, 2002.
Pacific Edge Software, a leading Project Portfolio Management (PPM) solution company, announced the addition of key industry leaders to its Project Management Extensible Markup Language (PMXML) standards organization. NASA, Oracle, PM Boulevard LLC, and PM Solutions round out the list of companies chartered with defining a schema that enables easy access to data between information systems. Existing members of the consortium include Primavera Systems.
"The continued development of an open standard for data exchange is critical to the rapidly expanding Project Portfolio Management (PPM) and project management markets," said Mike Metcalf, vice president of marketing for Pacific Edge Software. "Companies shouldn't be forced to adopt a single standard for data storage, particularly across diverse applications. Organizations need immediate access to data pertinent to their project portfolios and the only way to provide flexibility and control is to create an industry standard that enables data interchange between whatever applications a company chooses to use. The PMXML standard makes it happen."
"As portfolio management for IT technology investments evolves into a business-critical application, the benefit from adopting common standards becomes crystal clear," said Bill Rosser, vice president and research director, Gartner Inc. "Towards that goal Pacific Edge Software is an active participant in a coalition of users and vendors now taking shape in order to create a standards platform for data transfer regarding project descriptions. This effort has attracted the attention of some major players that are joining in to aid in the development. We believe this is an excellent step toward the goal of widespread industry acceptance."
Originally created in early 2000, the PMXML Consortium began to define the data elements of project management, leading to the PMXML schema, which provides access to project data. In March of 2002, Pacific Edge announced the Project Office Connector that includes extended PMXML-based connectivity for the flexible exchange of portfolio data.
"It's not surprising that NASA uses a multitude of different software applications to store and manage project data," said Anita Alexander, chair of the NASA Project Management Tool Working Group. "A data structuring schema like PMXML would make it easier to share and navigate data within any disparate e-business environment. We believe the PMXML Consortium is moving in the right direction by working to create and enhance an open standard for data exchange."
All of the member companies will work with Pacific Edge Software to update the PMXML schema on a regular basis. Currently, the group is open to any organization that is interested in the ongoing development of the standard. The schema and its source can be viewed by visiting http://www.pmxml.com/xml.
Project Office Connector
Pacific Edge's Project Office Connector for Microsoft Project provides bi-directional PMXML-based connectivity between Project Office and Microsoft Project 2000 and Microsoft Project 98. This smart connector makes it easy for users of Microsoft Project to summarize and publish their detailed planning data directly into Project Office. As corporate strategies are modified, Microsoft Project plans can be updated with changes made at the portfolio level, providing closed-loop Project Portfolio Management. Pacific Edge plans to release the Project Office Connector for Microsoft Project 2002, as soon as Microsoft Project 2002 is available.
About Pacific Edge Software
Pacific Edge Software is a leading provider of Project Portfolio Management (PPM) solutions for global companies, transforming how organizations manage and optimize their project portfolios. Pacific Edge's business-critical PPM solution, The Edge enables organizations to balance and align projects with business goals and strategies, maximizing value and minimizing costs. The Edge includes Project Office and Portfolio Edge enterprise software products, professional services, and a proven Project Portfolio Management process. Pacific Edge customers include industry leaders such as AT&T Wireless, Airborne Express, Alcon, Costco, Dell, Honda, and Johnson & Johnson.
Founded in 1998, Pacific Edge is headquartered in Bellevue, Washington and is privately held. Investors include Foundation Capital (http://www.foundationcapital.com), Sequoia Capital (http://www.sequoiacap.com), Northwest Venture Associates (http://www.nwva.com), and Fluke Venture Partners (http://www.flukecapital.com).