Binju Gaire

Great points, Chen! I agree with you. Stakeholders have an important role to play in the execution of the project. They govern the project committee by providing their input and resources (finance).

My previous (undergraduate) institution is a small yet diversified college. It represents students from countries all over the world. After the retirement of the 20th president, a new president took over. With visions to increase the number of students and raise money, the new president devised project addressed both of his vision. The project…[Read more]

I agree with you, Lezlie! Determining scope is very important for the project but Ella or anyone involved in the project do not talk about the scope and resources required.

Great reasoning on financial conflict, Dongjie! The company’s competitors are BestBuy, Target and Walmart. All these competitors already have a strong customer loyalty program and in order to thrive and prosper, Petrie Electronics may have to spend a large sum to attract new customers and retain the existing customers.

Interesting points, Chen! Time conflict will indeed be an issue for the implementation of the project. Each and every team member of the projects have important responsibilities in the company which may create time conflicts for the project.

Great points, Xiaomin! Loss of control is indeed one of the risks of outscoring, Also, I believe it will be a great challenge to mother company to ensure that security awareness training programs are conducted by outsourced company in a periodic manner to have overall internal controls in place.

Great points, Dongjie! When multiple business functions are outsourced, it is important that companies synchronize well enough to produce better results. However, time difference can prove to be challenge leading to difficulties in communication and inefficiencies

I agree with you, Folake. Security controls is indeed one of the biggest challenge when outsourcing different functions of business. It is important to have strong security controls in place to protect the confidentiality, integrity and availability of the information.

Outsourcing has been a common trend as it has benefitted a lot of business organizations in more than one way. Companies choose to outsource different business functions in order to operate effectively an efficiently. Some companies outsource payroll function, and others outsource IT functions. The one I am familiar with is foreign companies…[Read more]