What You Need To Know About Project Outsourcing
Project Outsourcing refers to moving beyond the organization to secure services and expertise from an outside source on a contract or short term basis; it is done for core work that has traditionally been done within the organisation.
Most at times when you are executing your projects, there are some aspects of the project that you might not be able to produce internally, you may need to bring in Subject Matter Experts who can assist you in achieving the project objective. Outsourcing will allow you to bring in expertise that is not available within your own organisation in order to achieve your project objective.
Outsourcing is used frequently because it allows businesses to focus more on their core competencies.
On the other hand, many businesses are emphasising that work should be kept in-house whenever possible, in an effect to maintain stricter quality controls and security measures. As a project manager, you will need to work within the expectations and constraints and results from either situation.
When you are outsourcing or dealing with procurement, you have to make sure that you have your integrity intact. You need to work with your stakeholders and make sure that they are carried along when you are trying to bring in a Subject Matter Expert from outside the organization. If your organization have a Purchasing and Supply department, you must involve them in all the activities and engagement with your SME. This will guarantee that the stakeholder gives you the necessary support that you need in order to succeed.
A New York clothing manufacturer that has been producing its own business for decades may find that it is more cost-effective to move this part of its operations to an outside source. By outsourcing the button production to a company in Mexico, the company may realize significant cost saving while focusing on its core operation.
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