outsourcing

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To outsource or not to outsource – has been a question for many companies. Temptation of reducing costs, improving efficiency and gaining access to exceptional capabilities by outsourcing is great, although some loss of management control and external risks have always concerned businesses. Despite all the risks, the global market trend is showing that more businesses are favoring outsourcing their work to other companies. According to Stratistics Market Research Consulting, IT outsourcing is accounted for $314.92 billion in 2015 and is expected to reach $481.37 billion by 2022 growing at a compound annual growth rate (CAGR) of 6.2% [1]. If you have decided to outsource, there is a number of criteria you should check beforehand to make sure that your business will benefit from such collaboration. PSA has come up with an eight steps guide to a successful software development outsourcing project. Continue Reading →

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If you have a project which was either left incomplete or perhaps was completed but does not suit your needs, your project may be in need of rescuing. If you are not confident that the original team assigned to the project is capable of reengineering and completing the project to suit, outsourcing may become a viable solution to the situation. Continue Reading →

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Management awareness with regards to IT risks has increased, due to the growing importance placed on IT within an organization. Due to budget restrictions and cost-cutting, it is in the interest of organizations to pay greater attention to IT governance, risk-management, effective use of resources and clear communication to reduce IT mishaps. Particularly, if one makes the decision to outsource part or all of its IT development to an offshore vendor, then there must be clear focus on IT governance and accountability in project management. Continue Reading →