Examine the options to insource or outsource the system to be developed.

In 400 words or more with a minimum of two reliable resources. Suppose, as a Chief Information Officer (CIO), you were asked to provide the organization with time-entry system for the employees. Examine the options to insource or outsource the system to be developed. Determine whether you would insource or outsource the system to be developed, and predict the implications of your decision with the organization’s total cost of ownership. Then provide one example to support your reasoning.