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Outsourcing News : Article

The Risks Management in Offshore Outsourcing

The most important thing is to find out if your offshore outsourcing provider is aware of these risks and has a plan to either mitigate it or eliminate it altogether.

It is a well known fact that the offshore outsourcing (or any type of outsourcing for that matter) carries known and unknown risks. The important thing is to find out if your offshore outsourcing provider is aware of these risks and has a plan to either mitigate it or eliminate it altogether. In this post, I will share some of known risks related to offshore outsourcing. Risk One: Requirement Misunderstanding - Many times it happens that the requirements get written in a hurry to get the project started as soon as possible. This is okay if the project is being done inhouse. However if it being outsourced, it becomes a risk. If the specifications are not written properly or are incomplete or enough details are not provided, the project will have problems on various fronts such as Project Understanding - what needs to be done and delivered, Project Planning - putting together firm dates for delivery, Change Controls - lots of change control will be generated later on in the project life cycle, which could obviously delay the project as well as increase the cost.

Read entire article on PR Inside

Posted: Saturday, December 15, 2007

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