2) Define globalization, outsourcing, and virtual teams and describe how these trends are changing IT project management.
Globalization is a method of collaboration and incorporation among the people, companies, and governments of different nations, a process driven by international market and investment and assisted by information technology.
Outsourcing is a procedure used by some companies to lower costs by transporting portions of work to outside contractors rather than completing it internally. Virtual teams are a group of people who work across time, space and logistical boundaries with the aid of technology. These trends are changing IT project management by using outsourcing to improve their business style to ensure that IT infrastructure and business procedures are combined and uniformed.
Virtual teams decrease costs, raise the work and life equilibrium for team members, provide more skill and flexibility, and buildup competition and responses.
Globalization is a method of collaboration and incorporation among the people, companies, and governments of different nations, a process driven by international market and investment and assisted by information technology.
Outsourcing is a procedure used by some companies to lower costs by transporting portions of work to outside contractors rather than completing it internally. Virtual teams are a group of people who work across time, space and logistical boundaries with the aid of technology. These trends are changing IT project management by using outsourcing to improve their business style to ensure that IT infrastructure and business procedures are combined and uniformed.
Virtual teams decrease costs, raise the work and life equilibrium for team members, provide more skill and flexibility, and buildup competition and responses.
Globalization has significant affected the field of IT. Companies and individuals throughout the world contributes to the growth of information technologies, and work and collaborate on various IT projects. IT project continue to rely more and more on outsourcing, both within and outside their country boundaries. Because of the increased use of outsourcing for IT projects, project managers should become familiar with many global and procurement issue, including working on and managing virtual teams.
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