Successful Outsourcing Projects Require Day-To-Day Interaction Between Software Development and Business

question 81

Short Answer

Successful outsourcing projects require day-to-day interaction between software development and business teams, so it is essential for the hiring company to take a(n) approach to project management.

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Definitions:

Loan Principal

The initial size of the loan or the amount of money borrowed that is still owed, not including interest.

Low-credit-risk Company

A company deemed to have a minimal risk of defaulting on its debt obligations, often due to strong financial health and stability.

Operating Cash Flows

Cash generated from the core business activities of a company, excluding investing and financing activities.

Cash Flows

Financial statement entries that represent the net amount of cash and cash equivalents being transferred into and out of a business.