This International Standard aims to provide general guidance for outsourcing for any organization in any sector. It provides a vocabulary for outsourcing practitioners across all industry sectors. It includes typical outsourcing concepts to improve the understanding of all stakeholders, by providing a set of practices that can be used to manage the outsourcing life cycle.

ISO 37500:2014 covers following areas:

• good outsourcing management practices;
• provisions on outsourcing arrangements;
• impact changing business requirements;
• management of risks involved;
• fostering mutually beneficial business relationships.

More details on www.iso.org – news