‘‘Make versus Buy’’ decision in a Project?

 

When should you outsource? When should you make the deliverable in-house? This decision has to consider many factors. A judiciously outsourced piece of a project can save you a good amount of money in comparison to if you decide to make it in-house. Similarly, the vice versa may also be true. So how do we make a perfect ‘make or buy’ decision that can save us money and time also taking into consideration the scope of the project.

 

In certain cases, organizations are subjected to make decisions on what to make internally and what to buy from outside in order to maximize the profit margins. As a result of this, the organizational functions and projects are divided into segments and some of those functions were outsourced to expert companies, who can do the same job for much less cost.
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