If your organization is planning to do outsource  its back office task, and want to make its successful and expect a good return on investment, you must aware of all factor on which success of your outsourcing projects depend. Here are following 5 P’s on to help you to gain better understanding on how to manage your outsourcing project.

People – Manpower is the Vital Part

People are the vital part of any project. In case of outsourcing, whole team plays a crucial role in the success of any project. As per the process of outsourcing is considered, it’s always right people needed to do the right things with their best. Before assigning any task, you should ask for experience, skill of the team who is going to handle your project. A well efficient and dedicated team is always crucial for the success of any project.

Process

A well-defined process should be followed to achieve best and optimum result. Make sure you your requirements are clear to your service provider and they has a clear understanding of what are your requirements and what are the objectives. Transparent communication should be maintained throughout the whole process and time to time reports should be discussed.

Preparation

Preparation is the third and important phase in outsourcing. It’s a well-known fact that outsourcing will result in saving lot of time as a well as money. So, Proper schedule should be maintained of every process of project. Timely meetings and evaluation of project will help you to examine the progress of project and early error can easily be found and can be made correct at an early stage of project.

Profit 

The main aim of outsourcing is to making maximum profit, before assigning any task to any outsourcing service provider, ensure that they are capable of generating maximum profit and u will get good return on investment. Make sure that your outsourcing service will speed up your whole process and make you more competitive and help you to grow your business to new height and grab the new opportunities.

Performance

Performance measurement is always effective and necessary step in calculating the performance at each step of the project. Examine the quality of work done is essential to measure the accuracy and it is also possible to correct the error at the initial stage of project. Evaluating the quality of project and capabilities of team at an early stage will always fruitful.