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What best practice should be considered first before making a decision to outsource resources for a...

What best practice should be considered first before making a decision to outsource resources for a business analytics project and why?

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Answer #1

The best practice that should be considered before making a decision to outsource resources for a business analytics project is the internal capability audit. The company first needs to know what they are capable of achieving and what they need to outsource the project in the first place. The leadership team of the company should analyze their strengths and weaknesses with respect to the analytics function. They need to verify if they have the required resources within the company who can deliver the project. This internal audit will give a clear picture of the gaps in their business process. Based on this analysis the company can decide what is the kind of resources that can be shared with the service provider and what are limitations or regulation on the usage of these resources. This will create a proper plan for the company to follow in order to maintain optimum condition and achieve success.

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