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We’re happy to announce our important skills achievement – risk assessment. This article covers basics with a simple example and unveils some specific terms, like “Value at Risk”, which helps businesses answer common strategic questions, like “How much could I lose if…?” or “What is the worst scenario could be in a super bad month?” in order to prevent potential money losses.

Do you speak English? Suppose, if you work in IT you probably have no choice. Many companies in IT field work with foreign markets and customers, so English is the only language for connecting international co-workers and high English level is a must. However, have they ever had situations when a newcomer has all the necessary skills for a particular job, but his level of English is not quite brilliant? I bet they have. The only right solution here is not always obvious.

As you all know (and it has never been a secret), IT has, probably, the greatest number of highly-paid jobs, but these jobs imply constant interaction with computers and this may be a problem. 

Outsourcing for business is a perfect way for cost-cutting and delivering solutions to market faster. However, cooperation with an independent company (service provider) may encounter some tricky and not always explicit pitfalls, related to violation of previously defined standards and responsibilities. In order to protect their reputation from being tarnished and denote a strong care about quality of provided services, many companies are steadily going towards the stage of developing their own SLAs. So, why is it so important to have this document in place?

The term “outsourcing” implies transferring some business processes to any independent company that has appropriate qualifications and skills, but not directly involved in the client’s company business activity. In IT world, it means that a particular company can outsource some activities, while concentrating its efforts on other aspects of the software development process. This is, probably, the essential reason for small and some medium companies to choose outsourcing. In such a way, they achieve the desired results without any losses associated with delayed projects.