3 signs you should outsource your technology project
Organizations typically like to tackle initiatives in-house due to control and visibility requirements for essential systems. However, not every effort is perfect for a business to pursue on its own. Let's take a look at some of the most obvious signs that you should outsource your technology projects:
1. Strained resources
Budgets are constantly getting tighter to save on costs and pay for only valuable services, initiatives and tools. With a technology project, these limits can significantly constrain the scope of work, as well as available time to complete the job. Your staff might also lack the skills to carry out the project, or the time to learn necessary techniques. By transferring your project to a provider, you can lift the strain from daily operations and realign focus back onto your expertise, outsourcing expert Terence Elumba wrote in a LinkedIn post.
A business management partner has access to the latest technology and experts who can guide your project to fruition. Handing a capable vendor the reins will relieve pressure on your resources and result in a quality product.
2. Inability to keep up
The tech landscape is constantly changing, and it's extremely difficult to monitor and enact every new trend, particularly for organizations with limited resources. The shifting field also makes it challenging to plan out long-term strategies to provision teams with the best solutions possible. Boston Business Journal contributor Diego Rosenfeld noted that an outsourcing provider will understand how to select and manage the highest-impact systems and projects and deliver a broader IT road map.
Resource augmentation services can help navigate increasing demands and turnover complications to ensure performance and stability across critical solutions. A partner can also configure solutions correctly to your business's needs and teach staff how to support it effectively. Vendors are typically available for guidance long after a project is over to ensure smooth operations and mitigate issues.
"Teaming up with an outsourcing partner can help lower the chance of failure."
3. High risk for failure
With limited staff knowledge and an inability to keep up with trends or project deadlines, there's a high risk that a tech project will fail. Experimenting with a project can put unnecessary risk on stakeholders and major investors. Teaming up with an outsourcing partner as a result of your business model can help reduce the chance of failure and aid in gradually training staff for future projects for long-term efforts. CIO noted that one-off and ad-hoc projects will likely be more cost-effective when outsourced, as it mitigates the need to hire, train and retain internal personnel.
While control and visibility are major benefits of handling technology projects on your own, there are a number of obstacles that could impact their success. The inability to keep up with tech trends and strained resources are a recipe for high risk of failure. By teaming up with a resource augmentation partner like Foothills Consulting Group, you can have access to a group of experts and the latest tools to guide your project to prosperity. To find out more about outsourcing your essential initiatives, contact us today.