It was our great pleasure to extend a welcome to all who participated in SERA 2003, the first world-classs International Conference on Software Engineering Research and Applications, which was held at Crowne Plaza Union Square Hotel, San Francisco, California, USA. The conference was sponsored by the International Association for Computer and Information Science (ACIS), in cooperation with the Software Engine- ing and Information Technology Institute at Central Michigan University. This conference was aimed at discussing the wide range of problems encountered in present and future high technologies. In this conference, we had keynote speeches by Dr. Barry Boehm and Dr. C.V. Ramamoorthy and invited talks by Dr. RaymondYeh, Dr. Raymond Paul, Dr. Mehmet S ¸ahinoglu, which were fruitful to all who participated in SERA 2003. We would like to thank the publicity chairs and the members of our program c- mittees for their work on this conference. We hope that SERA 2003 was enjoyable for all participants.