The information technology outsourcing risk
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...... According Bahli & Rivard (2003) although outsourcing can be and has been beneficial for many businesses it has also been detrimental for others. Some businesses have complained that IT outsourcing has not had the benefits that they hoped it would have. The author explains that in some cases the practice has led to the failure to meet the appropriate service level and has also failed to result in cost savings. These failures are just some of the risks that companies take when they choose to outsource IT functions
Bahli & Rivard (2003) explain that there are many different definitions associated with the word risk. In general risks can be defined as the probability of occurrence of an
undesirable event, the severity of its consequences or the variability of returns on assets (Bahli & Rivard 2003) . The authors also explain that there are economic and managerial definitions of risks. The economic perspective posits that risk is the variance of a probability distribution of possible gains and losses associated with a given alternative. the managerial definition of risks is different in that it only tends to focus on the negative outcomes that can occur. That is the ambiguity concerning positive
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