Risky Business: Organizational Effectiveness at Managing Risk of Outsourced Projects

Establishing a Risk Management Culture is Essential for Organizational Success

Risky Business: Organizational Effectiveness at Managing Risk of Outsourced Projects

Establishing a Risk Management Culture is Essential for Organizational Success

Organizational Effectiveness 

Nearly 95% of organizations buy, provide or both buy and provide outsourced services and functions, in which they face inherent risks created by new and unforeseen challenges. These risks create the need for a risk management culture that is essential for organizational success. With nearly two-thirds of organizations spending up to half of their budgets on outsourcing, there’s clearly a need to refine risk management capabilities in order to positively impact bottom line performance.

Risky Business: Organizational Effectiveness at Managing Risk of Outsourced Projects discusses:

  • Results of a global survey conducted among more than 600 project, program, department, senior and executive managers involved in their organizations’ outsourcing projects
  • How users and service providers identify, assess, mitigate, exploit and manage outsourcing risk, and more importantly, how effectively
  • The top outsourcing challenges in which organizations could use more information and training

With appropriate training and support in risk management skills and processes and the adoption of a risk management culture, organizations can enhance their outsourcing capabilities to achieve greater organizational success.

 

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