Engagement Models

ParsEram ITech

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Saturday 27 April 2024 10:11:30
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ParsEram ITech Engagement Models

Engagement Models

Engagement Models in Software Development

PARSERAM offers a set of different engagement models to provide you with the most convenient way of working on your project. You are welcome to choose a model from the mentioned below or suggest your own.

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Our Approach to the Engagement Process

Regardless of the engagement model our clients choose, we at PARSERAM are glad to help with any software development initiative. Our software development team owns all core competencies to deliver a project on time and within budget. Our extensive expertise in a wide array of technologies allows us to select the right tools, frameworks, and programming languages for product development without being limited to one or two options. We treat our clients as partners and always go the extra mile to build a turnkey solution and exceed project expectations.

Staff augmentation services

There are many factors to consider when choosing a software outsourcing model, several factors in particular stand out:

  1. The level of flexibility you require.
  2. How much in-house expertise you have available.
  3. Your primary business objective.
  4. How much control you want to retain.
  5. How much time you have to devote to the outsourcing relationship.

Engagement Models We Offer

Every model has its own advantages and disadvantages and is effective only in certain scenarios. However, the most popular engagement models in IT industry are: Time and Materials Contract, Fixed Bid, Outstaffing, Dedicated Team. Before choosing any of the engagement models we recommend you to consider the specifics of your project and your business requirements. If you’re hesitating you can get a consultation from our specialists - they will provide help you select the most cost-efficient model.

Fixed Bid

  • Working efficiently on the projects with clear, stable, and settled requirements;
  • The cost to build an app is fixed and discussed before the fulfillment of the project;
  • Only pre-discussed ‘milestones’ of the project are charged, we expect the payment once it is finished.

When to Use?

Ideal for small-size or urgent projects. Fixed bid perfectly works when the project specifications are clearly defined and unlikely to change.

Time and Materials Contract (T&M)

  • Ideal for the projects that are expected to change or don’t have clear requirements;
  • The cost of software development is based on direct labor hours at a pre-discussed hour rate;
  • Working efficiently when the client requires some parts of the project off-loaded in time.

When to Use?

In a T&M contract, the customer should be able to estimate the hours needed for a job and negotiate lower hourly rates to reduce the total software development cost.

Outstaffing

  • It perfectly works for sophisticated, long-lasting projects;
  • Full control over the development process;
  • Significant cost-savings on infrastructure, social benefits, etc.;
  • Fast and simple access to the skills your project needs.

When to Use?

This software development model implies hiring specialists with certain skills and experience in order to temporarily extend your existing in-house team while the additional workforce is required.

Dedicated Team (ODT)

  • Perfect for all types of projects;
  • The team is 100% dedicated and managed by the customer;
  • No hiring efforts, lower TCO, ability to quickly scale the team.
Learn More

All Contract Types Include

When it comes to contracts, the best thing is to contact us and get advice from our consultants. They will analyze your requirements and constraints and create a contract perfectly aligned to your project.

Strong non-disclosure obligations

Statement of Work

Management and reporting terms

Maintenance and support conditions

Full transfer of intellectual property rights on the code and documentation that we will develop for you

Payment terms depending on the contract type as the rates on software development might vary

Other general conditions typical for master service agreements