Of all the innovations done with the release 9.2 this is my favorite. With the new PeopleSoft Update Manager, it is totally going to change the way how you maintain your system. You no need to apply any more bundles or maintenance packs for just one bug you have reported with the oracle. Yes, its true. Now with the new system, you can select which all bugs needs to be applied and the system will automatically create a change package which you can apply blindly. Wait; did I say blindly? Yes because you no more have to apply the pre-requisites or post-requisites. Whenever you select your bug, the system will automatically select the pre-requisites required and the same will also be included in the change package created for you. So you can directly apply the package. And with the PeopleSoft Test Framework (PTF) you can easily do the regression testing on your test database.
Check out the video at youtube.