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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Costs, Benefits, and Risks

Costs, Benefits, and Risks
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Author(s): Hans Solli-Sæther (Norwegian School of Management, Norway)and Petter Gottschalk (Norwegian School of Management, Norway)
Copyright: 2010
Pages: 14
Source title: Managing IT Outsourcing Performance
Source Author(s)/Editor(s): Hans Solli-Sæther (Norwegian School of Management, Norway)and Petter Gottschalk (Norwegian School of Management, Norway)
DOI: 10.4018/978-1-60566-796-6.ch006

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Abstract

Managing costs successfully requires more than traditional cost accounting. It requires an understanding of cost-influencing factors based on cost-explaining theories, such as production and transaction economics, hidden costs, and contract termination costs. Managing IT outsourcing successfully implies that costs are not judged in isolation. Rather costs are compared to benefits, before judgments on cost level and development occur. In this chapter, we discuss production and transaction economics, hidden costs and contract termination costs, and we will also take a look at benefits and risk behavior.

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