Offshore IT Outsourcing is repeatedly been used as a compelling business strategy to leverage highly innovative and scalable web applications or software products at reduced cost. Despite of some of the great perks outsourcing offers such as field expertise, reduced operational and recruitment costs, getting more time to focus on core aspects of the business etc., there are some little known risks that can deflect your business project. What are some prevailing risks that a business need to consider while outsourcing their projects? Any tricks to avoid the outsourcing risk while leveraging its benefits? How to ensure that your outsourced project is successfully clearing these risks? Here are 5 effective techniques to identify the risks of Offshore IT Outsourcing and enticing ways to avoid them.
Offshore IT Outsourcing Risk #1: Transparency/visibility
Shrinking visibility over the outsourced project is one of the greatest concerns that really disturbs businesses or corporations. Lack of transparency of ongoing operations, communication gap or irregular responses may result into the increased real cost and delay in final product delivery. The trick to covering this risk is to have the vendor who involves you in the ongoing project, takes your reviews and follows two-way communication throughout the process.
Offshore IT Outsourcing Risk #2: Real Cost
Although the prime benefit of outsourcing is cost-effective, you must know the real cost behind your project. Unnecessary delay, lack of skilled resources and inefficiency of understanding the requirement of outsourcing vendor may cost you more than you expected. The best way to overcome this risk is to keep yourself informed about the key potential of your outsourcing vendor, their expertise, capability to deliver the project on time, etc. This will bring the clear idea about the actual cost-cutting the outsourced project getting into your business.
Offshore IT Outsourcing Risk #3: Language barriers
While you might already be knowing that communication is one of the important factor in outsourcing. The output can be easily mapped if your internal team and outsourced project vendor have flawless communication while ongoing project. The ideal way to face this risk is to select a vendor carrying skilled team who knows your preferred language.
Offshore IT Outsourcing Risk #4: Quality Standards
Quality does matter. You always want the ultimate product you get should be high on quality. Sometimes, you get the software product which is working at a time and within a few days you start experiencing bugs when the service provider is no more responsible. Avoid this most promising risks by selecting an offshore software development partner who adhere the high quality standards. You may hire quality assurance certified professionals to test the quality of the product.
Offshore IT Outsourcing Risk #5: IPR & NDA Protections
Choosing a reliable and certified service provider who follows defined security policies is another crucial factor while outsourcing projects. High level of protection of data security, information is needed. Do check the security policies and measures the offshore software development partner follows. You can go through the case studies to find out whether they have handled the security concerns well in the past.
We at Radixweb are trusted globally for our Offshore IT Outsourcing Services and would strive our best to meet your technology requirements. Contact us to know more about how you can get the most out of your outsourcing projects by eliminating risk.