RM-7.1.4

Past version: Effective from 01 Jul 2007 to 30 Jun 2007
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It is recognised that benefits can potentially be achieved through outsourcing an activity to a third party provider. They include reduced costs, enhanced service quality and a reduction in management time spent on non-core activities. However, outsourcing an activity also poses potential risks. These include the suitability or otherwise of the service provider, business continuity, reduced control over the activity and access to relevant information, and increased legal and client confidentiality risks.

Amended: January 2007