Outsourced Product Development-OPDOutsource product development has caught the imagination of the entire business world. Sometimes, an enterprise opts for outsourced product development to manage costs, boost bottom line and save time for core activities. Other times, some strategic purposes such as dispense with some centers located at critical geographical regions have bearing on the option for outsource product development. There are several reasons can be cited for outsourcing option. But the moot question is -When does outsourcing make sense?
Outsourcing product development makes the most sense when:
- here is a need for expertise the company doesn't have or need full time involvement.
- There is a need for resources the company currently does not have to complete all of the required work.
- It incurs heavily to keep up internal teams to do some or all of the development projects.
- There is a desire to incorporate standard practices or fresh approach in the product development processes.
- The capabilities to find, evaluate, and hire the outsourcing firm.
- Methods, protocols, and resources for communicating and managing the outsourcing firm.
- Tools, resources, and plans for gaining, storing, and using knowledge transfer.
OPD Phase I
generate scope description and qualification guidlines
identify initial OPD players
qualify and select leading OPD players as hot suspect.
OPD Phase II
set up review sessions between selected OPD partners and client
generate scope of the engagement and advise on benefits of offshore
negotiate terms and conditions of engagement
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