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Project Estimating and Cost Management by Parivs F. Rad

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CHAPTER 7

External Projects

For strategic reasons, organizations sometimes choose to acquire resources from outside the organization for a project. This process is aptly called outsourcing or contracting. The decision to outsource depends primarily on the organization’s strategic objectives and factors such as the prospective internal team’s competencies and the infrastructure characteristics of the division sponsoring the project. Other contributing factors include market conditions and the organization’s competitive aspirations. Some organizations opt for external projects in the hope of getting immediate access to specialized skills and/or ...

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