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PMG appoints Geoff Reiss to lead its Corporate Governance Initiative

• PMG places increased emphasis on corporate governance as the next logical step for senior program management executives

Leeds, England, 15 January, 2004 - Hydra Managementplc, , the program and collaborative management software specialist, today announced the appointment of Geoff Reiss to lead its corporate government initiative. Reiss, Chairman of 'The Programme Management Specific Interest Group,' author of leading titles 'Project Management Demystified' and 'Program Management Demystified' and Director of Product Strategy for PMG will be responsible for developing Hydra's corporate performance capabilities as part of PMG's product strategy.

"Corporate Governance is the system by which business operations are managed and controlled. It provides the structure in which business objectives are set and the monitoring of performance. To sustain competitive position, companies today are expected to improve corporate focus, operational efficiency and transparency, and manage risk policies, government requirements for disclosure, mitigation and control procedures across their organisation etc."

Geoff Reiss said, "Organisations of all types and sizes are making technology decisions that affect compliance and the ability to run their business effectively. They are looking for integrated, automated systems that are comfortably aligned with executive planning, culture and operations: providing the framework through which the company can set objectives and monitor performance, gain the necessary management control, minimise redundant activities, and eliminate risk factors."

"PMG believes the best way to thoroughly embed rights, responsibilities and risk policies into an organisation is to combine project / programme management and collaborative management, with employees' daily routine, whilst enabling senior executives to predict better, improve efficiencies and act accountably. The result: corporate strategies, shared rights and responsibilities between programme participants, and control tactics of both risks and opportunities are aligned with each other for maximum benefit. "

The Hydra ManagementPlc , based in Yorkshire's "Silicon Dale" designs, develops and markets program management software and services. Founded as Hydra Development Corporation in 1996, the fast-growing company spent over four years developing and refining its revolutionary program management product - Hydra, and has in less than 3 years established a international customer base with thousands of Hydra users worldwide.

PMG's Hydra product is a complete program management suite, offering resource-centric, multi-project, multi-site planning capabilities. Its patent, intelligent pre-emptive resource scheduling allows organisations to successfully plan and implement multiple simultaneous projects without the limitations of discrete task-centric project management tools.