FLEXIBLE AND CLIENT-ORIENTED ENGAGEMENT MODELS
Depending on your project requirements & specifications, resources available and timeframes, we propose 3 major engagement models: Fixed Price, Time & Materials and Dedicated Teams.
FIXED PRICE
TIME & MATERIALS
DEDICATED TEAMS
TIME & MATERIAL MODEL
The Time & Material engagement model proposes that billing is based on actual time invested to the development (hours actually worked) and the actual price of equipment and materials. This model is adaptable for customers with changing needs as it relates to time and resources.
HOW DOES IT WORK?
As soon as we get a general overview of your project, we’ll gather a team of professionals to work on the answer. Complex and detailed specifications are not essential to begin the project but will eventually be required. The team has the flexibility to adjust depending on the project requirements.
WHEN IS IT BEST USED?
- Thorough documentation and/or details are lacking or absent.
- Requirements and project specifications are continuously pivoting.
- Alliance with the partner is intended.
- Timelines and due dates for deliverables are not clearly defined.
BUSINESS BENEFITS
- Reduced cost – Time & Material contract costs may possibly turnout to be less than that of a predetermined fixed-cost bid.
- Agility of workflow – it’s easy to change priorities of attributes and add new ones within roughly the same budget.
- Adaptive scheduling of time – deadlines can be changed with little effort if necessary.
- Reduce the danger of unforeseen circumstances – the entire process is transparent and clear, payment occurs when the specific functionality is developed.
FIXED PRICE MODEL
The development process is assembled in-line with all of the price and time quotes based upon the job details supplied by the customer. All obligations within this version have been created on milestones. The job specifications are suspended, funding is provided, and deadlines have been all secured in-place.
HOW DOES IT WORK?
Having received job specifications, they are studied by our team and we plan out cost & time estimations. A contract has been signed and no extra functionality may be added without an expense re-estimation into the additional work involved.
The number of persons assigned to the project be altered based on the job requirements.
WHEN IS IT BEST USED?
- Project specifications are clearly defined and will not be altered.
- Technical documentation is readily available and well planned.
- The budget is limited and there are clear deadlines.
BUSINESS BENEFITS
- Risks are lessened and also the remedy will be created in accordance with the specifications.
- The price remains the same so long as the specifications stay the same.
- Elimination of potential misunderstandings and disagreements with the development teams and/or project managers/scrum masters.
DEDICATED TEAM MODEL
The development process is assembled based on the time and price quotes of the project. All payments in this model are made on based on pre-set milestones. The job specifications are suspended, the budget is set, and fixed deadliness put in-place.
HOW DOES IT WORK?
Business owners provide an overall collection of project requirements while we gather the group of professionals that are best suitable to perform the work necessary. As the customer, you would be fully responsible for the team’s management. Triple2 will monitor the quality of the services provided and get involved only if necessary.
WHEN IS IT BEST USED?
- Project concepts and requirements are well thought out and defined and development is ready to commence.
- You have in-house specialists who can assist and help manage the software development cycle.
BUSINESS BENEFITS
- Full control over the project progress. You can pivot in any direction and as often as needed.
- Qualified specialists would not be needed as it relates to spending time and resources on the hiring process since Triple2 would take care of that for you.
EFFECTIVE PROJECT ORGANIZATION
No matter what engagement model you choose to work with Triple2 on, we guarantee that the development process will be effective and productive.
EFFECTIVE COMMUNICATION
A skilled and qualified project manager from Triple2 will be responsible for the project direction, planning, management, work coordination, and advancement tracking. He or she will be a mediator between the team and the client. Various types of communication means are available: e-mail, instant messaging (Skype, Slack, GChat, etc.), phone and both remote and in-person meetings, as necessary.
KNOWLEDGE TRANSFER
Fluid and continuous knowledge transfer is crucial whilst ensuring success for your projects. It’s important that the flow of information is shared centrally and is always accessible, in real-time. All parties involved in a project will have access to the project management platform we use, JIRA. This includes but is not limited to the client, developers, project managers, scrum masters, etc. Triple2 chooses JIRA for knowledge transfer and project management due to the extreme level of detail and information sharing that the platform excels at.
PLANNING AND REPORTING
Triple2 undertakes a commitment of regular, clear and clean reporting on your project. The types of reports provided will depend on the chosen engagement model: real-time 24/7 reporting via JIRA, daily reports, weekly reports, monthly reports, etc. This ensures transparency of the process and a clear vision in terms of cost and progress at every stage.
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