How effective is sourcing out as a risk transfer technique? does it really help?

transferring risk through outsourcing definitely works as it reduces the financial losses burden however when taking the decision of outsourcing one should remember that unlike insurance outsourcing means sharing profit as Loss most of the time

can work out but should not be kept without decission for long time

release risk is good idea at same time need good technique to handle it such as :

- find good outsource

- create official contract has all risk 

- approval from stakeholders

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