Posts Tagged ‘cost reduction’

Outsourcing Market Results for Q3, 2009

Tuesday, September 22nd, 2009

As the 3rd quarter of 2009 comes to an end, it is a good time to sum up the quarterly results of the outsourcing market of such a difficult year for all segments of business.

The global economy is gradually recovering from a downturn and the first good signs of it have appeared. The banks have started seeing profits again and international companies stopped reporting losses. However, on the other side more and more SME’s have been marked by unstable performance and reduced customer base.

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More Tips on Successful IT Outsourcing

Wednesday, September 2nd, 2009

Outsourcing has already proved its position as a powerful business strategy for costs reduction and enhancement of business processes efficiency. Sometimes IT outsourcing projects happen to fail delivering expected results or they simply fail as a business strategy. Yet, this is not an index of any drawbacks in the outsourcing model.

While all projects are affected by external forces, special attention should be paid to internal processes of any project. Among the common reasons of IT outsourcing projects’ failure is insufficient control or lack of communication with the outsourcing service provider, unclearly defined core goals and objectives of the project, etc.

In an IT outsourcing project, when something goes wrong, it is critical to recognize early warning signs and take appropriate measures to correct the situation. If not recognizing the problem and correcting the situation, a customer should at least close the project in order to avoid losing too much money.

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