- outsourcing : arrangement by which one organization provides a service or services for another organization that chooses not to perform them in house.
- The three different forms of outsourcing option a project must consider onshore outsourcing, nearshore outsourcing and offshore outsourcing.
Outsourcing Benefits
- increase quality and efficiency of a process,services or function.
- reduce operating expenses
- access to advanced technologies
- reduce time to market for products or services.
- resources focused on core profit generating competencies.
Outsourcing Challenges
- contract length
- competitive edge
- confidentiality
- scope definition
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