Making The Right Choice: Project Outsourcing Vs Staff Augmentation
In industries all around the globe, there is a growing need for reducing expenditure while retaining operational efficiencies. The success of a business depends on being able to compete and that can only be achieved by building efficiency.
Being innovative and agile also plays a massive role in determining the success of a company. To be able to do all of the above, companies need to invest in new IT needs all the time.
The problem is that such demand is sporadic in nature. Most companies do not have static IT needs. Therefore, when innovative technologies emerge, if a business is unable to keep up, it can have disastrous outcomes. In such situations, companies need to have a well-equipped and capable workforce.
Developing the skills of employees in-house is quite expensive and usually considered high-risk. Fortunately, other alternatives are available in the industry.
The two most common models for outsourcing work are – project outsourcing and staff augmentation. This article will provide an in-depth understanding of these delivery models.
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