How To Choose The Right Engagement Model While Outsourcing

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How To Choose The Right Engagement Model While
Outsourcing
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Challenges To Outsourcing

• Choosing the right engagement model
• Smooth flow of communication between client and
  development teams
• Timely and quality project delivery
• Project development according to business
  requirements
• Many projects go out of budget

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Why Choose The Right Engagement Model

• The key to better outsourcing is to build a
  partnership with the outsourcing vendor and
  achieve the best results for the business.
• This leads to a collaborative work environment
  helping in improved efficiency of business
  processes.
• One should ensure that the expectations with
  respect to the project are absolutely clear, and
  there is no room for any sort of confusion.
• Outsourcing can help you take your product to the
  next level with the help of expert and innovative
  solutions from the outsourcing partner.
• Planning out the project and ensuring all the
  activities are pre-decided helps in timely
  completion of milestones.

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Why Choose The Right Engagement Model?

• Being futuristic about your project helps in
  getting much better results.
• The most appropriate engagement model must be
  selected, to ensure better relationship
  maintenance between the client and the
  outsourcing partner.
• The scope within which the relationship between
  the client and the outsourcing partner exists is
  called engagement model.
• There should be proper service level agreement,
  so the development work can be done as required

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Popular Engagement Models
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• At ValueCoders there is an option to outsource
  your projects according to the desired
  engagement.
• The Agile teams at ValueCoders are equipped with
  the latest tools and techniques for all kinds of
  business projects. ValueCoders provides the
  following additional benefits
• 2 week free trial
• Guaranteed SLAs
• Satisfactory project delivery
• You can discuss with our experts and they will
  guide you to choose the best one.

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Retainer Model

• In a retainer model, the billing is done on a
  periodic basis, generally 2-4 weeks. In this
  model a fixed fee is defined for each period.
• The fee is based on the scope of the project and
  the resource requirements. Once these are
  decided, the outsourcing partner gives an
  estimated retainer fee for the project.
• The milestones are predecided as well. If the
  client is comfortable with the fee, the project
  is kicked off according to the stipulated
  conditions.
• This sort of an engagement model is more suited
  for large and long term projects.

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Hourly Model

• In this model billing is done to the client
  according to the hours spent by the team on the
  project. This is a cost effective engagement
  model for small and short term projects.
• In this case, an hourly rate is predefined on the
  project. Once approved by the client the ETA for
  the project is provided to the client.
• Billing is done on successful completions of the
  milestones, as decided.

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Fixed Cost Model

• In case of projects where the client is
  absolutely clear about the scope and requirements
  of the project, then this model is used.
• The outsourcing partner in this case provides a
  fixed cost estimated depending on the nature of
  the project.
• The stipulated completion time is also defined.
  This model is suitable for medium to large
  projects with definitive requirements.

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