Boston University's Project Management Certificate Program Now Available Evenings at TechTrain.

Business Editors

TEWKSBURY, Mass. and CHARLOTTE, N.C.--(BUSINESS WIRE)--March 20, 2002

New programs will accommodate the needs of working professionals

in Charlotte, Raleigh, Orlando and Fort Lauderdale

TrainingTrack, Boston University's innovative international training network, today announced an agreement authorizing TechTrain to offer BU's industry-leading Evening Project Management Certificate Program. This is the latest affiliate announcement from the TrainingTrack network, which is comprised of training companies and academic institutions that distribute and market Boston University's IT and management development training programs and services. The new classes are expected to begin at TechTrain in early fall 2002, and are designed with the convenience of working professionals in mind.

"Our corporate clients have been asking for access to evening courses for a long time," said Trevor Dyer, Vice President of Business Development for TechTrain. "Daytime, off-premise training is no longer an option for many individuals or their employers. BU's evening program meets the needs of corporate America, and will enable us to offer an entirely new training product to professionals who want to take their careers to the next level."

Dyer added, "We're always looking for ways to reach out to more areas within the corporations we work with. Boston University's Evening Project Management Certificate Program is probably the most well-known evening certificate program of its kind, and the strength of this offering will enable TechTrain to extend our relationship with our clients beyond the high-end IT training we're known for. This is a proven commodity, with the stamp of approval from some major organizations," Dyer said.

The field of project management is experiencing tremendous growth and an increase in prominence. Skilled project managers, or the absence of them, can have a tremendous impact on the effectiveness and efficiency of various corporate initiatives. According to a recent study by Standish Group International, of the more than $250 billion spent annually on IT application development, a huge portion is wasted as a result of project management failure. The study also points out that:

- 31 percent of all projects are canceled before completion

- 88% of all projects are over schedule, over budget, or both

- For every 100 projects started, there are 94 restarts

- Average cost overrun is 189% of original estimates

- Average time overrun is 222% of original estimates

"Industry's need for skilled project managers is growing rapidly, while projects continue to fail at an alarming rate across all industries," said Andy Kelley, CEO of TrainingTrack. "TechTrain will now be in a unique position to differentiate itself from its competitors by being able to offer these high-quality Boston University programs, at a time convenient to working professionals."

TrainingTrack is developing a select network of leading education and training organizations that will offer the proven IT and project management curricula from Boston University's Corporate Education Center (BUCEC), New England's premier IT and management development training provider. TrainingTrack enables training organizations to better serve their communities by offering a broad catalogue of high quality IT and project management courses. In addition to helping regional providers cultivate recurring revenue streams and tap lucrative national corporate contracts, TrainingTrack will assist regional training organizations in overcoming competitive challenges through proven marketing, differentiation and recruiting strategies.

Kelley said, "We're very selective when it comes to the affiliates we ask to join the TrainingTrack network. TechTrain has an excellent reputation and was certainly a wise choice for us. In return, our courseware, curricula, marketing and consulting expertise will provide TechTrain with tremendous competitive advantage in their marketplace."

About TrainingTrack

TrainingTrack is a new venture from Boston University that provides IT and management development training products and services internationally. Led by a senior management team that was instrumental in making Boston University's Corporate Education Center New England's leading IT and project management training provider, TrainingTrack is developing a network of regional training organizations and academic institutions that offer the proven IT and project management curricula from Boston University. In addition to award-winning programs, affiliates gain access to marketing, recruitment and career changer support services developed at Boston University. TrainingTrack affiliates can act as resellers of Boston University-delivered programs under their own brand or they may choose to deliver training using "Boston University Official Curriculum" courseware, and TrainingTrack's program and marketing support. Affiliates will also have the opportunity to distribute their own in-demand, quality programs through the TrainingTrack network. TrainingTrack is on the Web at www.trainingtrack.com and can be contacted at 978-863-0110.

About TechTrain

TechTrain, based in Charlotte, North Carolina, is a full-service technical training provider offering certification and related programs to corporations, government agencies, academic institutions and individuals. TechTrain has state-of-the-art training locations in Charlotte, Raleigh, Orlando and Ft. Lauderdale. TechTrain is a Microsoft Certified Education Center, Citrix Authorized Learning Center, CompTIA member and a Training Track Affiliate. For more information on TechTrain, visit the Website at www.TechTrain.com or call 800 216-4566.