Disadvantages of outsourcing of software development

Assignment Help Business Management

Reference no: EM132377142

Part 1: Initiation

Scenario

Toys4Them is a small business selling toys in your local area. However, the business has grown to a greater extent in the last five years. Number of employees has been increased from 25 to 100 in the last 5 years and the turnover from £100k to £500k. It has been planned to open four additional branches next year. Part of the reason for the company's success has been their strong work culture.

The company's founders wanted to focus on using information technology and innovation to improve sales further. The current system works fairly well, however, only offline as the company does not have presence online. This is a major disadvantage for the company and hence the founder, John believes in e-commerce and wants to go online. After several weeks of consultations with his senior staff, John decided to implement a system for online sales to increase the business further and is ready to invest substantially. Davis, the head of Toys4ThemIT department, which looks after their local network of computers, printers etc., is very optimistic that his IT department can setup and provide the necessary IT infrastructure. However, he is also aware of many solutions like outsourcing the whole system development and SasS (Software as Service) and HasS (Hardware as Service), which are part of cloud computing.

Tasks

1. Write a short report by critically evaluating the advantages and disadvantages of outsourcing of software development. [400 words]

2. Near accurate time and cost estimation are extremely important for any project to be successful. Assuming you have been asked to estimate the cost and time for this project, critically evaluate the applicability and suitability of different type of estimation methods. [400 words]

Attachment:- Project Management.rar

Reference no: EM132377142

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