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Outsourcing Work
The practice of hiring external entities or individuals to perform tasks or services that could be handled internally.
Benefits And Risks
The potential advantages and challenges associated with a project, which are considered during the planning process.
Request For Proposal
A document issued by a company asking for detailed proposals from potential suppliers or service providers.
Request For Quote
A formal process in which vendors are asked to provide pricing and availability details for a specific product or service.
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