Microsoft Project 2000 SR1 and 2002 SP1, and Office Project 2003 SP3, does not properly handle memory allocation for Project files, which allows remote attackers to execute arbitrary code via a malformed file, aka "Project Memory Validation Vulnerability."
projectserver/logon/pdsrequest.asp in Microsoft Project Server 2003 allows remote authenticated users to obtain the MSProjectUser password for a SQL database via a GetInitializationData request, which includes the information in the UserName and Password tags of the response.