Risk Management

While new technologies, especially communication technologies, have reduced some obstacles in outsourcing work, there are still some risks in using an external organization to produce work for a project. IS/IT project managers must carefully examine the risks of outsourcing. In this Discussion, you will analyze and illustrate risks of outsourcing work.

To complete this Discussion:

Consider that your organization or an organization you are familiar with intends to outsource an IS/IT project to a SaaS provider. You are asked to analyze the potential risks in this technique:

1. Identify major risks that you foresee and illustrate them in an Ishikawa diagram (see the Lecture notes for Weeks 5-6).
2. Clearly identifying the major and minor causal factors.
3. Identify and explain the risk management practices you could use to mitigate them and evaluate the applicability of these techniques.
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I need it in word format with minimum 450 words and maximum 550 words. At least 4 peer-reviewed references cited in text properly, and one referenced figure or image. Preferably to take one of the reference from: Lientz, B.P. (2011) Information technology project management. New York: Palgrave Macmillan.