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Example: A financial services firm can set a goal to reduce IT operational costs by 25% within the first year post-migration and establish KPIs to measure cost savings, system uptime, and user satisfaction. RiskManagement Objective: Identify potential risks and develop mitigation strategies.
Strategies to Avoid Hidden Costs To maximize the benefits of outsourcing while minimizing hidden costs, consider the following strategies: Choose the Right Pricing Model Selecting an appropriate pricing model is crucial for costcontrol in outsourcing. Time and Materials: Suitable for projects with evolving requirements.
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