Depending on the project scope, requirements, time frames and customer’s preferences we propose choosing a business model more appropriate for customer’s business strategies:
- Time and Material
- Fixed Price
- Offshore Dedicated Team
We also use mixed models depending on customer’s needs.
1. Time and Material
Time and Material business model is intended for projects where the total project scope of work can be changed by customers during development. If customers choose this model of work, we will provide them with “rough” estimate of the project so that they know the total volume of work and can plan their budget. After that, we will develop projects using Iterative and Incremental Development that means we implement tasks planned for each iteration and the customer pays for each iteration basing on real hours spent on development.
2. Fixed Price
Fixed Price business model is intended for projects with simple and fully defined scope of work. In this case we develop detailed functional specification contained project requirements. Basing on the requirements and functional specification we develop a project plan including project tasks and estimate of how many hours we need for development of each task. The project has a delivery date. The customer pays fixed cost according to the estimation. The project scope cannot be changed by customers during development.
3. Offshore Dedicated Team (ODT)
Offshore Dedicated Team business model is intended for long-term projects and means that a development team works together specifically for customer’s needs. If customers choose ODT, they pay a fixed monthly fee for each team member. The project team develops projects using Iterative and Incremental Development or another processes adapting to processes our customers use.