Technology - Project management - A stitch in time

Companies entering the energy sector have a fairly short window of opportunity to get up and running. City Practitioners Ian Bentinck and Jeremy Taylor examine some of the technological and project management issues that can arise

While firms are looking to move rapidly into energy trading, implementing the technology needed to underpin trading operations can be complex and difficult, so companies often find themselves overrunning schedules rather than gaining time. To avoid this trap, a number of points are worth bearing in mind.

Firstly, a firm must decide on the level of future involvement. Is it looking to dip a toe into the water and deal in energy financials only, or to engage heavily in physical trading, for example