Outsourcing
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Outsourcing
|Outsourcing: Its Benefits, Drawbacks and Other Related Issues |
|Prasad Kakumanu, Anthony Portanova. Journal of American Academy of Business, Cambridge. Hollywood: Sep 2006. Vol. 9, Iss. 2;|
|pg. 1, 7 pgs |
Abstract (Summary)
Offshore sourcing for IT software applications and maintenance has become very popular over the last ten years. It started during the dot com boom years which overlapped with the Y2K situation. These two conditions created extra demand for IT people which exceeded the available work force in this country. Afterwards the dot com bust which accompanied an economic slow down drastically reduced the budgets for IT. Companies looking for ways to develop new software applications and to maintain existing applications within their budget realized the opportunity to send work overseas. The reason this looks very promising for an organization is the availability of talented IT workers at much lower cost and the maturity of the telecommunication networks and their applications on a world wide basis. This is also aided by the improved methodology in world wide sourcing and global project management, service level agreements, and confidentiality contracts. In this paper we discuss the benefits as well as the risks in offshore outsourcing and how public officials are reacting to the IT outsourcing phenomenon. [PUBLICATION ABSTRACT]
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|Full Text (5537 words) |
Copyright Journal of American Academy of Business Sep 2006
|[Headnote] |
|ABSTRACT |
|Offshore sourcing for IT software applications and...
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