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Benefits of Outsourcing in Projects

The document discusses outsourcing as a process where organizations contract external parties to complete work, highlighting benefits such as reduced project costs and access to global expertise. It also notes potential challenges like language barriers when hiring international experts. The author advocates for fixed-price contracts to maintain budget control and avoid cost fluctuations.

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gurmeet
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6 views3 pages

Benefits of Outsourcing in Projects

The document discusses outsourcing as a process where organizations contract external parties to complete work, highlighting benefits such as reduced project costs and access to global expertise. It also notes potential challenges like language barriers when hiring international experts. The author advocates for fixed-price contracts to maintain budget control and avoid cost fluctuations.

Uploaded by

gurmeet
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

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Outsourcing and contracts

Hameed Mohammad

Project Management, Conestoga college

MGMT8460: project management capstone

Lisa pollard

04/03/2022
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Outsourcing is technique or process in which an organization contract with other

organization or person to do their work. In this organization hire them to complete their

work. In this third party will do work which is outside of the organization.

1. Project cost is reduced when we hire some organization or persons, we don’t have

to pay for extra facilities that are provided to the employee or things required to get work

done. We don’t have to pay bills, amenities used for work.

2. Experts from across the world. In outsource we can hire expert of each field

according to the work or service we required. Some time in our organization we don’t

have experts of the work that is required for the project so we can hire expert of that

field as a result we can get perfect and top-quality work from the experts.

3. Language problem can occur during the outsource if we hire international expert for

the project then they may face problem in understanding the work culture of the

organization or language problem can occur during communication about the project.

I will go with fixed price contract as in such type of project we don’t have to worry

about the cost once the contract is fixed. Also, this will help in maintaining the budget of

the project also we know in advance how much this will cost so maintaining budget in

this is type of contract is easy. Also, there is no scope of cost change in this type of

project, so we don’t have to worry about that.


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References

Running remote (January 15,2019) Pros and Cons of Outsourcing - Should You

Outsource or Not? Here are my 5 Pros and Cons. YouTube.

[Link]

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