Project Management - Contracts & Outsourcing

Project Management - Contracts & Outsourcing: "A project manager has to see a lot of activities in the nature of administrative, technical, socio-economic and environmental. If the manager is an engineer, supervision of technical jobs would be some-what easy. But other areas would receive less attention.
It is, therefore, imperative that the manager, in consultation with the board of directors, passes on some activities to contractors. This is known as out-sourcing which involves sub-contracting to a third party some of the activities like machine fabrication and installation, product design, manufacture and even marketing. Many multinational companies have outsourced routine jobs such as pay role, tax accounting, recruitment call center services and e-mails."