Risky Business: Organizational Effectiveness at Managing Risk of Outsourced Projects
Establishing a Risk Management Culture is Essential for Organizational Success
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.