System and method for assessment and consolidation of contractor data

A system for assessing and consolidating contractor data from a plurality of data sources, comprising:

• a memory;
• and
• a processor operatively coupled to the memory, the processor configured to perform the steps of:
• collecting the contractor data from the plurality of data sources, wherein data sources comprise existing information systems, surveys and interviews;
• segmenting the collected contractor data using a decision matrix, wherein the decision matrix comprises a functional area index and a vendor index;
• wherein the functional area index comprises:
• vendor fragmentation and people risk,
• wherein the vendor fragmentation is calculated based on a ratio of contractors to vendors within a functional unit,
• wherein the people risk is calculated based on a ratio of contractors to employees;
• and wherein the vendor index comprises:
• breadth and depth of vendor, wherein the breadth of the vendor is a percentage of contractors from the vendor within the functional unit and the depth of the vendor is the percentage of contractors from the vendor working on niche and proprietary skills, wherein the niche skills comprise expertise in proprietary software or specialization in a technology;
• evaluating the segmented contractor data for its impact on ongoing business activities in the organization, wherein the evaluation of the segmented contractor data comprises performing at least contractor assessment and application assessment;
• consolidating the evaluated contractor data to form at least one logical cluster within a plurality of predefined categories, wherein the predefined categories comprise functional unit, application platform, technology platform and service type;
• and presenting the consolidated contractor data to a user.

A non-transitory computer-readable medium storing computer readable code that when executed by a computing device performs a method for assessing and consolidating contractor data from a plurality of data sources, the method comprising:

• collecting the contractor data from the plurality of data sources, wherein data sources comprise existing information systems, surveys and interviews;
• segmenting the collected contractor data using a decision matrix, wherein the decision matrix comprises a functional area index and a vendor index;
• wherein the functional area index comprises:
• vendor fragmentation and people risk,
• wherein the vendor fragmentation is calculated based on a ratio of contractors to vendors within a functional unit,
• wherein the people risk is calculated based on a ratio of contractors to employees;
• and wherein the vendor index comprises:
• breadth and depth of vendor, wherein the breadth of the vendor is a percentage of contractors from the vendor within the functional unit and the depth of the vendor is the percentage of contractors from the vendor working on niche and proprietary skills, wherein the niche skills comprise expertise in proprietary software or specialization in a technology;
• evaluating the segmented contractor data for its impact on ongoing business activities in the organization, wherein the evaluation of the segmented contractor data comprises performing at least contractor assessment and application assessment;
• consolidating the evaluated contractor data to form at least one logical cluster within a plurality of predefined categories, wherein the predefined categories comprise functional unit, application platform, technology platform and service type;
• and presenting the consolidated contractor data to a user.