Subcontracting analysis- pjm ct5 | Business & Finance homework help
Subcontracting can also be used as a risk mitigation strategy if certain components of the project are particularly complex or uncertain. By subcontracting out these tasks, organizations can reduce their risk exposure by shifting responsibility for completion onto the subcontractor. Additionally, subcontractors may bring additional skillsets and knowledge which could help improve overall project performance.
Finally, subcontracting is often necessary due to resource or capacity constraints; if an organization does not have enough personnel or equipment available then they must find outside sources of support in order to keep projects moving forward. Overall, when used responsibly and strategically, subcontracting can play an important role in helping organizations manage their projects successfully.