Risk Management

Companies like yours need to consider the ethical and moral issues of outsourcing and what impact it will have on the lives of the workers, share holders and community at large. When we start insourcing technical agencies from other countries who are totally unfamiliar with how business is run here, we need to reexamine our priorities and abilities to let companies come over here from India provide temporary help, by letting those here on H1 Visas and driving down the wages of American workers, due to the cost of living, and value of the dollar differential between the U.S. and India or China.

Risk management or risk mitigation are keys issues to the success of decisions being made on how to manage a project. The risk is only in the understanding of the complexity of the economy and where to get quality and reliable goods from suppliers that you can trust that have a good record of delivering on time and a low and consistent cost to the company. In project management, communications is key to understanding what is going on in the company and its individual organizations. The risk strategy is having an educated and "gut" feeling of how the prices of equipment, products, or services with fluctuate in prices over the quarter. Due to fluctuations in gas prices due to the greed of oil companies, and lack of governmental monitoring of price gouging, we are subject to higher costs of all food goods, and anything delivered on a truck with diesel. Diesel is actually cheaper to produce than gasoline, but due to its high demand in the trucking industry it is higher. These higher costs are added to higher delivery costs for all goods, thereby the costs of the goods have to go up as well. It is an inflation spiral in costs and inverse lower costs of wages to employees due to insourcing of employees that will take $10/hr versus $40/hr due to shared housing of Indians in the United States to share costs of 6 people in an apartment so they can afford to live here and make 75% less wages than their American counterparts.