4 Factors in Make-or-Buy Decision

Make-or-buy decision

4 Factors in Make-or-Buy Decisions

 

When you are about to make make-or-buy decisions, here are some of the factors that you need to make.

 

#1 Impact

You need to consider the impact on cost, time or quality. For instance, if current personnel must be retrained for services requiring a new skill set, it may be less expensive to outsource those services.

 

 

#2 Ongoing need

If the organisation will continue to need a specific skill set– even for future, unrelated projects – it may be a worthwhile investment to train current personnel to perform that service.

Make-or-buy decision

#3 Learning curve

While it may make financial sense to develop an in-house solution, there may not be enough time to train personnel and implement the necessary policies and equipment to produce that solution.

 

#4 Cost-effectiveness

If the required resources are readily available internally, organisations will usually use them. However, if the project involves technology, skills, materials, or resources that are beyond the organization ‘ s capabilities, it may be cost-effective to hire outside help.

 

 

Now your take on this argument.

We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.

You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.

Click here to Download 5 E-Books that I have taken time to prepare for you.

These E-Books contain formulas that have helped many of my students to nail the PMP Exam at first attempt! You can also make use of this E-Books. If you have any question while using the material, feel free to shoot me a mail. I am committed to assisting you to nail your PMP exam. It’s a pledge. You can always count on me as a friend. 

PS: For like seven years since I started blogging I have tried many platforms and tools. Some worked and some of them performed below expectation. Here are some of the tools that I will gladly recommend for you any day, any time.

BEST AUTO SEO FOR JUST $1

BEST HOSTING AND DOMAIN SERVICE

BEST HOSTING IN NIGERIA (AFFORDABLE)

You can also download our Mobile App here.

Click here to Like our Page on Facebook

Follow us on Twitter

Domain names for just 88 cents!3 Major Roles of PMO in Projects 1
Action Point.
You need to confirm your subscription by clicking on the link sent to you. You can check the spam folder for it. Add us to your mailing list to receive directly from us.

PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.

 

Adeniyi Salau PMP , CCNA R&S , CDMP, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CommentLuv badge