Asked by Cameron Brown on May 05, 2024
Verified
While outsourcing work has both benefits and risks, self-performing work has benefits but no risks.
Self-Performing Work
A scenario in which a company uses its own workforce to execute a specific portion of a project, rather than subcontracting the work.
Outsourcing Work
The practice of hiring external entities or individuals to perform tasks or services that could be handled internally.
Benefits And Risks
The potential advantages and challenges associated with a project, which are considered during the planning process.
- Learn the various aspects and considerations in outsourcing project work.
Verified Answer
DW
Daelyn WhaleyMay 09, 2024
Final Answer :
False
Explanation :
Self-performing work also has risks such as lack of expertise or resources, delays, and potential cost overruns. However, the risks may be more controllable since the organization has direct control over the work being performed.
Learning Objectives
- Learn the various aspects and considerations in outsourcing project work.