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London, June 6 2001 - Projectplace Ltd, the leading ASP for communication
and collaboration services in Europe today announced additional functions to
Projectplace with a time reporting function. According to Projectplace,
this latest addition saves project managers time on their projects by
allowing individual users to effectively manage the time spent on each task
within a project.

"Projectplace have upgraded the service and expanded user support by making
it easier to plan, co-ordinate and follow up project work," said Dak
Liyanearachchi, managing director of Projectplace Ltd. "The new time
management function enhances the original project management service giving
increased responsibility to individual users and saving project managers
time when co-ordinating project budgets and activities."

Instead of building complicated project management tools, Projectplace has
provided an easy-to-use system with integrated planning and reporting
features. This provides project members with a unique feedback loop with
each individual member of a project estimating the time to be spent on each
activity and reporting back on how long it actually took to complete each
task. Reports can be produced on a daily, weekly or monthly basis on time
spent on each task within a project, this information can also be exported
to MS Excel if required.

With the time reporting function, Projectplace have made the connection
between what activities have been planned within a project and what is
actually taking place. In doing so, the new function provides a dynamic
means of project planning, the value of which increases as the project
develops.


About Projectplace.

Projectplace is a fast-growing ASP founded in Sweden in 1998. The business
idea is to develop and operate specialised web services that enable people
involved in projects to collaborate and communicate efficiently and
effectively. A Projectplace is a secure area on the Internet with numerous
services and features for project collaboration and document management
gathered in one place. It only takes a minute to set up a functional
projectplace, and this is available 24/7 to project members. Projectplace
has more than 60,000 users in 25 countries.

For more information visit: http://www.projectplace.co.uk


Press Contacts:

Dak Liyanearachchi, Projectplace Ltd
Managing Director
Tel: 020 7569 3131
E-mail: dak@projectplace.co.uk

Chris Netto/Nicola Alve
eclat Marketing
Tel: 01628 400900
E-mail: Chris@eclat.co.uk
Nicola@eclat.co.uk



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