Every enterprise has its own business strategy and for ensuring positive returns in terms of cash flows, they need to devise their plans meticulously. count of excessive account of excessive competition among business enterprises and zealous urge to outdo the other counterparts various enterprises are looking forward to outsourcing with an organization that would provide them with innovative world class initiatives. One such organization is XRM Labs providing you an appropriate Engagement Model as per your requirements.
Our Engagement Model Strategy
We have a clear-cut methodology when it comes to the perusal of engagement model. With the detailed estimate of our capabilities we manage to reach a level of proficiency where we can achieve productivity in the shortest possible time. First step consist of sharing of documents and discussions with onsite project managers. With the help of client's specification in the documents our team becomes aware of their prerequisites. The process also involves a thorough conversation between our nearshore team and vendors in order to prevent future risks.
Types of Engagement Models
We follow two prominent engagement models i.e. Time and materials Model and Fixed Price/Fixed scope Model. You can choose between any of two models or a combination of both for different phases of your project development.
Time and Materials Model
In this type of model the cost of project depends on total execution time and the corresponding resources deployed. This model is useful when projects are of quite complex nature and are very much given to specification and design changes at various steps.
This model is suitable for customers who need an immediate access to resources where requirements specification is not very clear. Adopting such a model gives customers greater flexibility when it comes to project specification and also helps in modification of specifications as per the market requirements.
Fixed Price/Fixed Scope Model
Time as well as money are important factors when you aim to deliver your projects before deadline. This model aims to provide the total cost and timeline prior to the beginning of the project. This is ideal when yo have a well defined scope, schedules and requirement specification of the project. This model is very cost effective and accounts for lower risk in development process. Guarantees on time, on budget delivery of projects.