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Choosing an appropriate engagement model has always been painful labor for business owners. Modern IT-market bustles with offshore development company collaboration offers. Finding a perfect pricing approach becomes a real challenge for entrepreneurs.
If you still have no idea of what engagement model fits your business case, do not feel insecure about proceeding. Win the race and find the best possible collaboration variant with OpenGeeksLab’s guide to engagement model choice.
An engagement model is a structured plan defining collaboration terms between client and development company. An engagement model takes into consideration the customer’s requirements and peculiarities of a particular business case.
The proper engagement model choice makes a partnership with offshore dedicated software developers a win-win option. On the other hand, an inappropriate engagement model may ruin your project or result in significant losses.
Now, let’s go into more detail about the current global offshore market size. Researchers claim that in 2020 it reached $132.9 billion. What’s more, the forecasts uncover the industry is expected to witness significant growth on account of over $400 billion by 2027. As of 2019, market analysts expected a compound annual growth rate (CAGR) of 8.0%. However, we may presume that the COVID-19 pandemic has dramatically influenced the market, and the number will grow even more.
To stay in trend and establish promising partnership practices with an offshore dedicated development team, you should consider your project’s core pillars.
Before choosing an engagement model, a business runner must take into consideration several impact factors. They include:
Define the project type you aim for. For example, the engagement model applied to build a minimum vital product (MVP) will considerably differ from the one implemented for full-scope complex solution implementation.
Budget predictability plays a significant role in choosing an appropriate engagement model for your specific business case. Mind your expenses and financial sources and decide whether you will make a precise estimate before starting software implementation or paying for the final product.
Think over project flexibility perspectives. Do you have a detailed vision of the final product, or will you leave this task to offshore experts? Consider your requirement’s preciseness: either you will stick to them till the end or prefer agile methodologies.
Consider the final product release date and your priorities in the development process. Find out if you require the final product to be rolled out as soon as possible, or you can prolong the initial deadlines.
Setting deadlines is a vital part of any project plan. Decide whether you will set only the date of rolling out the final product or add some milestones. Think over the possible fluctuations and either include them into strict development terms or make your deadlines more flexible.
Consider your management level, mind your previous experiences or their absence to spot your strengths and weaknesses. Define your role in the project: will you take an active management role or supervise the development process avoiding direct interaction.
Diverse client engagement models cover these factors differently, making emphasis on one or two of them. The perfect solution often depends on your business objectives and the factors you prioritize.
Proper engagement model choice lays the firm ground for the effective partnership between a business runner and a development company. Each pricing variant differs from the others according to top priorities and has its advantages and disadvantages. Every other business case requires an individual approach while defining a fitting engagement model. There are five basic customer engagement models:
Check out significant benefits of adopting a Fixed Price model
According to a fixed-price contract, an offshore company develops a client’s software with fixed service costs, deadlines, and requirements.
A fixed-price contract is a perfect option for short-termed small or mid-sized projects. The model seems highly advantageous to customers as service providers repay any troubles. However, one should be careful with a fixed budget model. Make 100% sure about requirements and clarify every detail to avoid possible disappointment.
Now, let’s single out several principles of time and material model implementation.
The time and material pricing approach presupposes a post-factum service payment based on the working hours spent on project implementation and hourly rates.
Time and material pricing is highly flexible (no fixed deadlines, flexible budget) and fits long-lasting projects with changing requirements. The model is based on Agile methodology and works well if one looks for a shorter time-to-market period. However, the risk of delays increases in case of multiple changes or adjustments.
How does a dedicated team model work?
A dedicated team pricing approach allows expanding the client’s team by attracting offshore experts. The pricing plan includes fixed service prices and monthly payments that depend on team size.
A dedicated team stands as a perfect option for large projects requiring well-developed infrastructure and streamlined workflow. A high level of flexibility and customer’s direct participation allow changing requirements on the go across each development process stage. Hence, this model comes in handy in the unclear final product vision. A dedicated team also represents a powerful means of sharing international expertise.
Let’s take a quick look at the team augmentation engagement model.
The staff augmentation model enables stakeholders to complete or expand their team by recruiting an offshore developer at a fixed fee.
Staff augmentation fits short-term projects that lack a specific skill developer. It is a quick and easy way to make your team stronger on demand. Besides, service providers care for all payroll aspects (salary, rewards, operational costs).
What advantages does your business get with an outstaffing model?
Outstaffing is very close to staff augmentation, though it presupposes hiring an offshore team member (of any position) for a fixed fee paid to service providers.
Outstaffing comes to the rescue for small- or medium-scale short-term projects. An outstaff member incorporates into the customer’s team and works exclusively on one project. Service providers cover all employee expenses, so clients avoid routine management tasks focusing on software implementation.
Engagement model choice is time-consuming and a challenging process. There is no general solution fitting every business case, though all variants look pretty attractive. Don’t hesitate to make your decision, but first, analyze your business needs, clarify your goals, and consult experts to choose a win-win option for your business.
As we’ve stated above, there is no unified engagement solution applicable to any case, as your business needs are unique. Deciding on a suitable engagement model always requires an individual approach.
To ease your choice, we composed a comparison chart of the most popular customer engagement models.
OpenGeeksLab is more about a dedicated team model, as we are used to leading your project from a vague concept to commercial success. If all our experts, from business analysts to software developers, work together, the result will exceed your bravest expectations.
However, we are not limited by the dedicated team scenario. OpenGeeksLab leads projects to success regardless of the engagement model chosen by our clients. We are always ready to help: either you need an entire team contribution or one-time expert assistance.
Have any questions? Get all answers without delay. Diverse niche experiences made our team proficient in applying suitable toolkits and software development technologies to cover your specific objectives. We offer efficient partnership terms for any project irrespective of the contribution needed. We take on the cases at any stage and support them until successfully launched. Our team provides top-notch assistance at any scope of work, as OpenGeeksLab is experienced in collaborating with both enterprises and startups.
So, don’t be afraid of starting customer-oriented software development with OpenGeeksLab. By the way, you can book a free consultation with our lead experts to discuss all the details right now.
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