40
17. Horizontal,
vert ical,
product
ext ension,
market
ext ension,
unrelat ed
Acquisition classes
by
U.S.
F
ederal
T
rade
Commission.
2.7.
Project
Mana gement and Outsourcing
“P roject mana gem ent
is a
met hod and a set
of t echn iques based on
t
he
accept ed p rinciples
of
management used
for
planning,
est imat ing,
and
cont rolling
work
act vities
ivities
t
o
re ach
a
d
esired
end r esult
on
t me—w it hin
ime—w it hin
budget
and according t o sp ecificat ion” ( Wy socki, 2007).
[
21]
Essent ial st eps
in p roject management ar e Plann in g, Or ganiz ing,
Act uat ing,
and
Controllin g (Cleland,
2010).
Project planning
is w here the
project team p lans
the resources needed to
run
the
project . In
this
st a ge,
t
hree p roject
measures are
defined:
p
roject
scop e, p roject
cost ,
and
project
t meframe,
imeframe,
known
as p roject
mana gement t riangle.
”Project
mana gem ent
is t he app licat ion
of know led ge,
skills,
t
ools,
and t echniques
t
o
p
roject
activities
to meet
project
requirement s”(Schwalb e,
2011);
t
his
st at ement
app lies
t
o informat ion
syst em analysis and design p rocess,
as it
is a kind of project
management.
”O utsourcing
is cont ract ing for serv ices
t
hat could
be
p
rovided
by
t
he
organiz at ion,
if t he
organiz ation
had
t
he
cap abilit y
and
desire t o
perform
t
hose funct ions. Out sourcing
has
many advantages
in
t
hat it
is
typ ically
more
economical
t
o
buy
t
he p roduct s
and services
t
han
provide
t
hem
in–house.”
It
is not
recommended t o out source core
comp etencies
because
it
will
cause
an or ganiz at ion
to
lose
it s
cap ability for
functioning
effectively .
It
is said
t
hat
core comp etencies must
be nurt ured
and
grown
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