Outsourcing

 

Outsourcing is a common practice in business, and it may be an option for a project you are responsible for managing. Understanding

the considerations necessary for making the best decision for a project is essential to a successful project.

Helpful links: http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4611/4973
https://www.pmi.org/pmbok-guide-standards

Please write your paper by answering the following questions:
1.A project you are managing has a supply-chain issue. You are not able to continue utilizing a primary vendor. Select a product

that would be essential to a project and identify the pros and cons of outsourcing an element of the project. What are the pros and

cons of outsourcing? What could you do to minimize the negative effects?
2.Identify at least one element for each of the six outsourcing considerations in your answer.

Please write a paper between 550-600 words in length.

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