Engagement Model: Fixed Cost
Outsourcing Engagement Models to suit your 'exact' requirements
The primary problem any company faces is its 'Capacity'. They need people to run their IT operations. The two most common models we use for our clients are :- Fixed Cost
- Dedicated Team
Fixed Cost Engagement Model
A Fixed Cost Engagement model, as the name suggest is clearly defined in terms of price and time. This model can be easily adopted and is ideal for small and mid-sized projects with highly defined scope and requirements.Benefits :
- Best-suited for companies with frozen and highly defined requirements
- Client pays a fixed price
- Minimum exposure to risk
- Highly Transparent development process
How it works :
- Scoping - In the Fixed Cost engagement model, when you send us an inquiry / RFP, we determine the scope of your project and on the basis of that give you price and time-line estimates upfront.
- Approvals – After receiving your approval over our time-line and pricing estimates, we do a detailed analysis of the project in consultation with you and revert with an exact quote.
- Project Commencement – If the quote is agreeable to you, we start with the project development as per the agreement. For any changes during the development process, there is a standard change procedure that is handled through a change control mechanism. The project is divided into 3 or more phases for ease of monitoring by the client. Payments are also phased out accordingly. During the design and the development phase, files are deployed on our server.
- Project Completion – Once the project is completed, our QA team tests its features and functionalities. After your approval on the same and the final payment, we transfer files to your server and close the project.
As a step towards maximising client satisfaction, we make every effort to ensure that our clients are kept actively in the know during the development process and are regularly updated on the project progress. Our transparent approach goes a long way in ensuring the success of the project and satisfaction of our clients.
