Describe three best practices for outsourcing project work

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Reference no: EM134026824

Question

According to the Project Management: The Managerial Process 7th Edition, the term 'outsourcing' has traditionally been applied to the transferring of business functions or processes. Once an organization decides to outsource project work, the customer or project manager is frequently responsible for developing a Request for Proposal (RFP). A well-developed RFP will provide contractors with sufficient guidelines to prepare a response. The final step in the RFP process is to select a contractor.

1. What are three advantages and three disadvantages to outsourcing project work?

2. How can outsourcing project work be advantageous to project budget and schedule? Share examples.

3. Describe three best practices for outsourcing project work that can help you excel in managing your project and the buyer-seller relationship. Share an example of each.

Reference no: EM134026824

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