Chat with AIExam 14: Advanced Topics in Project Management
Name and describe five different alternatives available for outsourcing.
(38) 
VerifiedMany different alternatives are available for outsourcing, some of which are listed below:
• Offshoring-Offshoring is the movement of a business process (in whole or in part) done at a company in one country to another company in another, different country.
• Rural sourcing-Rural sourcing is the movement of a business process (in whole or in part) done at a company to another company located in a lower cost setting within the same country. In the United States, there are large differences between the salaries paid to IT workers depending on where they live and work. As reported from the Robert Half 2009 salary survey a software developer's salary ranges from $60,000 up to $100,750 depending on the exact skill set they posses and where they work. Larger cities such as Boston and San Francisco pay on average 30 to 35 percent more. (Robert Half, 2009) Companies can save money by outsourcing to sellers located in lower-cost markets.
• Nearshoring-Nearshoring is the movement of a business process (in whole or in part) to companies in a nearby country, often sharing a border with the company's own country. In the United States, nearshoring generally describes work sent to Canada and Mexico. Nearshoring is becoming a popular alternative for companies that don't want to deal with the cultural, language, and time zone differences involved in offshoring to faraway places.
• Multisourcing, or best-of-breed sourcing-Outsourcing can involve a number of different types of outsourcing (for example, nearshoring, offshoring, and rural sourcing); this is called multisourcing, or best-of-breed sourcing. A company chooses the services of a large outsourcing partner, such as IBM or EDS, and then, based on costs and other features, the company can decide where the work will get done. IBM and EDS have offices and/or partners in all corners of the globe, which allows them to offer a best-of-breed approach. The company signs one contract with the seller, but the work is done at many different locations-programming in Canada, help desk in India, and so on.
• Insourcing-Insourcing, the opposite of outsourcing, is the movement of a business process within a company to an internal entity (inside the same company) that specializes in that operation.
Nearshoring is the movement of a business process (in whole or in part) to companies in a nearby country, often sharing a border with the company's own country.
(33) VerifiedTrue
What are some reasons the use of virtual teams is on the rise?
(35) VerifiedThe use of virtual teams is on the rise for many reasons: Due to the growing trend of outsourcing, the positive economics of allowing some people to work from home, the rising cost of travel, location of corporate offices, and the need for more scarce specialized skills are all driving companies to invest in technologies to support virtual teams.
Ethical behavior refers to human behavior that conforms to generally accepted ________.
(42) CMMI consists of five levels of maturity, with ________ process areas.
(34) The best practice expert of the PMO develops and maintains project management methodology and processes.
(32) Maturity models deal with process only and are models, not ________.
(27) Once an organization is certified at a certain level of maturity, there is a mandatory process or audit procedure that monitors the organization to ensure that it remains at that maturity level.
(26) In most cases, cost will actually increase in the early stages of PMO implementation.
(31) This level of OPM3 maturity is characterized by standardization of the entire project life cycle and by artifacts, metrics, and an adequate number of trained resources assigned.
(42) CMMI consists of five levels of maturity: initial, managed, defined, quantitatively managed, and optimizing.
(37) An organization will produce a high-quality product just because it follows a maturity models.
(45) This type of outsourcing can involve a number of different types of outsourcing (for example, nearshoring, offshoring, and rural sourcing).
(35) When working with virtual teams, time zone differences make it difficult to work, regardless of the technology, when part of the team is 8 to 10 hours different.
(40) Offshoring is the movement of a business process (in whole or in part) done at a company in one country to another company in another, different country.
(30) ________ transfers project activities and certain decision rights to an external entity, by contract, with specific performance measures, related rewards (generally monetary), penalties (again generally monetary), and exit clauses defined.
(37) This resource of the PMO maintains a repository of project knowledge (records, standards, methods, and lessons learned).
(36) Researchers estimate that 90 percent of communication is nonverbal, transferred by body language and facial expressions.
(38) Describe five key processes that still need to be owned by the company (versus outsourcing).
(34) 
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