The-Best-Engagement-Model-For-Offshore-Development-YourTeaminIndia

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Planning to develop your product/software offshore? Don't know which outsourcing model to choose? Check this post & find out which type of engagement model will fit best for your business!

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The Best Engagement Model For Offshore Development!

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OUR DISCUSSION TODAY! 1. A Short Introduction 2. Types of Outsourcing 3. Dedicated Team Model 4. Time and Materials Model 5. Fixed Price Model 6. Conclusion TOPICS AND HIGHLIGHTS

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A SHORT INTRODUCTION IT Outsourcing is a great business strategy that can help entrepreneurs save up to 70% of the development cost. Apart than cost-benefits, outsourcing allows you to scale your business, focus on your core business activities & offer round the clock service to your customers. While outsourcing, entrepreneurs often find themselves amidst great confusion in finalizing the engagement model for offshore development. Therefore, it’s required to study all the aspects carefully, before making any decision.

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TYPES OF OUTSOURCING: Onshore Outsourcing It is the type of outsourcing where a company hires another company within the same country. Nearshore Outsourcing It is the type of outsourcing where a company hires a team of experts from a neighbor country. Offshore Outsourcing In this type a company hires another company, regardless of the location, to save the cost. TYPES OF OUTSOURCING:

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An engagement model defines the type of collaboration between a client and an outsourcing partner. The type of engagement model you are using determines the level of control & responsibility over the entire process. There are three types of engagment model: 1. Dedicated Team Model 2. Time and Materials Model 3. Fixed Price Model ENGAGEMENT MODEL

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DEDICATED TEAM MODEL This type of model is beneficial for long-term projects where requirements are dynamic. Let’s take an example. Assume you are an app development company in the USA & your in-house team lacks the expertise to develop complex applications. It’s clear that hiring a team of professionals in your country would require you to empty your pockets. On the other hand, an experienced team of mobile app developers in a country like India will get things done for you at 70% less cost.

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ADVANTAGES Economical A dedicated remote team is far more economical than hiring in-house resource, which is time-consuming as well as costly. Commitment Having all minds focused on a single task helps to bring out a better outcome. Rapid Delivery Versatility helps the remote workers to find solutions faster and boost your software development process. Felxible Approach Large scale project requires dedicated employees with a flexible work approach.

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TIME & MATERIAL MODEL This IT outsourcing model deals with payment on the basis of effort & time spent by the team. In this model, your requirements & budget should be precisely defined. Let’s continue with the previous example & considering that your hired resource is working on your mobile app & encounters an issue. Now, based on this model the expected time & work will exceed the numbers initially decided. Consequently, you will have to pay more to your developer or development team.

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ADVANTAGES Flexible The client can keep changing demands, team size and product requirements as and when required. Efficient The model is efficient in delivering greater results in a short period of time with minimum efforts. Transparent The payment is made only on the basis of work and removes all the scope of fraudulent payment.

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FIXED PRICE MODEL In the fixed price model, all risks are taken by the hired resource. And the client prefers this model the most as he gets the opportunity to pay once the work is complete or the client is satisfied. This type of model is useful for short/medium sized projects. As a matter of fact, this engagement model works best for small projects with limited scope & budget.

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ADVANTAGES Clarity Entire specification of the project is delivered before-hand to the developer. Budget Friendly Since the budget has been already signed in a contract, your outsourcing partner will try to finish the work within the cost decided. Timely Delivery Terms of work are clear between the client & team. It includes the number of stages involved so that the project is delivered on time.

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CONCLUSION Coming back to the question - Which engagement model is best for your business? Well, every model has its own advantages & disadvantages. Therefore, if you have a short term project, it would be a wise decision to choose the time and material model. Whereas, if you have a long term project with fixed requirements & budget, the fixed-cost model is the best. In case of a long term project with no fixed requirements, dedicated team model will suit your business requirements.

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CONTACT US +1-619-309-4653 (USA) info@yourteaminindia.com www.yourteaminindia.com Your Team in India has been started with the vision to bring world-class offshore IT services at cost-effective prices for global businesses of all sizes. Established in the year 2008, the company has since then grown into a full-service firm and has experienced exponential growth. WEBSITE: EMAIL ADDRESS: USA PHONE NUMBER: +6-139-088-0326 (AUS) AUS PHONE NUMBER:

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