How to Choose the Successful Business Model ?
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by: gtwlabs
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The following are some basic popular models that are adopted by many software development firms A. System Development Life Cycle (SDLC) Model B. Prototyping Model Save your time – we supervise all setup operations, and virtually eliminate the time you have to spend on administrative tasks C. Rapid Application Development Model Pay per use – our all-encompassing fee per team member means you never have to pay fixed costs for items you do not use D. Component Assembly Model Expenditure optimization – No initial setup fee required; you avoid the important upfront costs you would incur for office space lease, equipment, furniture etc. Immediate kick-off of operations Minimize recruitment time – leverage on our strong presence and network on the labour market Business Models : Fixed Price Model (FPM) This Model is suitable for Clients with well Defined Requirements and project schedules. Under this option, the Client pays a Pre-negotiated fixed price for the complete project which in turn is linked to well Demarcate Present ables. This Model is executed as per the following steps: Upon acceptance of the proposal by the Client , Software Design Document (SDD) and Work Break-down Structure (WBS) Based project plan incorporating Apparently Delimited Deliverables is set up and submitted to the Client. Simultaneously under a parallel activity, development and testing environments are set up and the rest of the project team is assembled. The development, quality assurance and all other project related activities are competently managed, transparently communicated and seamlessly delivered. Advantages:- Tremendous cost advantage to client: speedy completion for project as the changes during execution are minimal. The ixed Price Model is best suited to small and medium level projects with definite scope and clear specifications of the projects. You can engage this model when everything about your project is apparent from the beginning of your project to its delivery and pay a fixed price as per the agreement. Suitable for customers with well-defined requirements and project schedules. Under this option, the customer pays a Pre-negotiated fixed price for the complete project, which in turn is linked to well-defined deliverables. For any change in scope a predefined fixed hourly rate is paid. For any changes there is a standard change request procedure that is followed for which we have structured processes in place. Time and Material Model (T&M) The Features of Time and Material Model are: Single Standard rate Follows typical SDLC Time lines Ideal for Small jobs/Tasks based approach Client involvement is more Client keeps IP Less expensive than fixed Advantages to the Client from this Model: More control over implementation Good when evolving requirements High flexibility Analysis is involved Less expensive than fixed IP ownership The project specifications and requirements are likely to change during the development phase. The chances of changes being made to the structure or architecture of the application during the development phase, is high. The duration of the project cannot be accurately anticipated. customers pay a monthly charge based on the total effort reported by the team for each monthoffers the flexibility to balance team size and project workloads is desirable when scope and specifications for the project are not defined explicitly T&M 4 FPM Model :- Ideal in the situation when client wants to go for fixed price model but the scope of work is not 100% clear or detailed enough to decide fixed price in the project initiation phase. Hire Dedicated Model This has motivated us to provide all these above said benefits to all our clients under one roof. An Offshore Dedicated Development Team is customized to your requirements and business needs, and it works as an extension of your in-house staff. Using an Offshore Dedicated Development Team or an individual dedicated developer, you will get access to specific skills, and still keep optimal control over the entire software development process compared to project basis. SAVE UPTO 60% of cost, compared to conventional in house employee hiring and hourly basis development cost. This model is guaranteed to save you atleast 22.5% of cost against any fixed price quotes calculated even at $12/hr. This model is ideally suited for larger projects the scope for which evolves over time. |
About the Author
Eric Paul is working with An Offshore Software Development Company and Experts in Offshore Software Development and .Net Application Development Services Across the Globe Specially in US, UK, Denmark etc.
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