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This Concept Map, created with IHMC CmapTools, has information related to: Outsourcing, Outsourcing can include outsourcing the entire IT function to a separate firm, Outsourcing benefits access to expertise of the vendor, Outsourcing can include hiring a firm to manage the IT function and assets, Outsourcing is about hiring an external vendor, developer, or service provider to create the system, Outsourcing approach carefully choose the vendor,developer or service provider, Outsourcing drawbacks/ risks loss of in-house expertise, Outsourcing contracts fixed-price, Outsourcing contracts valued-added, Outsourcing drawbacks/ risks loss of control, Outsourcing drawbacks/ risks possibility of compromise of confidential information, Outsourcing can include hiring consultants to solve a specific problem, Outsourcing can include hiring contract programmers, Outsourcing approach must thoroughly assess requirements, Outsourcing benefits lower cost, Outsourcing contracts time and arrangements