OUTSOURCING MODEL
Companies want to hire qualified and talented specialists with the right knowledge, creativity and flexibility so that complex tasks are executed within the set deadline. Further, cost reduction is one of the main reasons for companies to choose for outsourcing work and the success of such a collaboration depends on a lot of factors including geographical proximity, time difference, language gaps and even cultural differences.
TYPES OF IT OUTSOURCING MODEL
Depending on the selected IT outsourcing models you can expect some variations in the payment terms, work progress reporting and your ability to manage the team directly.
Hire Dedicated Resources
The dedicated development team is among the ideal outsourcing pricing models in IT for the technology companies and ISVs. It allows quickly extend their development capabilities with the highly-qualified offshore developers and stay in control of those engineers likewise the internal staff.
Fixed Price Contracts
The fixed-price contract is one of the IT outsourcing models which you can use in the project-based engagements. The Project cost directly depends on the efforts involved in delivering the fixed scope of work. Usually, a time estimate is drawn based on man-days efforts and then accordingly based on the criticality and urgency of delivery the resources are added.
Offshore Development Center
The Dedicated Development Center or the Offshore Development Center is basically the same dedicated team outsourcing model with some global differences. Enterprises use this model in case they don’t have an internal IT dependent capable of the full cycle of software development.