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.
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.
#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.
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.
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