Open Letter: Project Nexus implementation
Correspondence and other
Publication date
Industry sector
Supply and Retail Market
We were very disappointed to learn that PwC’s analysis (undertaken in their role as independent project and assurance manager for Project Nexus) shows that 1 October is unlikely to be a viable implementation date for Project Nexus. This is mainly due to organisations not having sufficient time to test their own systems in advance of joining market trials. The review showed that parties were focused on delivering their internal systems by 1 October, and in some instances sooner, but that very little or no provision had been made for adequate involvement in market trials. In addition, many plans did not sufficiently consider transition activity, training and contingency.
PwC has recommended that parties continue to target 1 October 2015, or earlier, to complete their own systems with rigorous market testing to be completed after that date. We support this recommendation and consider it imperative that parties complete building and testing of their internal systems by 1 October 2015 at the latest so they can enter a new market trials period as soon as possible and avoid further delays to this project.