Patent ID: 8799057

Claim:
A computer implemented method executed by one or more computing devices for assessing and consolidating contractor data in an organization from a plurality of data sources, the method comprising: collecting, by at least one of the computing devices, the contractor data from the plurality of data sources, wherein the data sources comprise existing information systems, surveys and interviews; segmenting, by at least one of the computing devices, 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, wherein the vendor fragmentation is calculated based on a ratio of contractors to vendors within a functional unit: and people risk, 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, by at least one of the computing devices, 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, by at least one of the computing devices, 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 deleting contractor data corresponding to one or more contractors based on results of one or more of the segmenting, evaluating and consolidating.