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Buyer beware

Risk-management software development is still struggling to recover from slashed budgets after the Enron debacle. So before choosing a new system, buyers should look closely at five critical areas, writes Salim Jabbour

The energy industry was initially slow to adopt risk-management systems until the mid- to late-1990s, before retrenching again in mid-2002. This had a negative impact on systems quality, stability and effectiveness. This means users need to heighten their scrutiny of systems before making a selection – including a critical review of the following five areas.

Integration
Strive for a wide

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