Engagement models
Outsourcing should be a strategic partnership, not a simple hand-off of duties to a third party. Getting
that right requires smart preparation and we at FortySeven are here to help, support and guide you in
the right direction.
Implemented correctly, strategic partnerships are a happy collaboration where expectations of delivery
and results are clear from the start. By bringing in our many years of experience here at FortySeven, it's
possible to innovate and drive your product to levels beyond what your internal team might not have
accomplished in the past. New ideas can come from anywhere.
A proper planning phase is important. It's not only about thinking ahead but also being on the same
page with your outsourcing provider everyday and benefiting from their experience, as opposed to
viewing outsourcing merely as an easy way to offload commodity work. You need to select the proper
engagement model that is transparent to both parties and provides a strong governance for all aspects
of the relationship.
FortySeven, through many years experience, understand the various outsourcing engagement models
and how to best to apply them in your situation.
So how you select an engagement model that works for your business?
Here is a brief overview of the most popular models offered by FortySeven or if you wish to customize
your own engagement model based on your requirements we will be happy to hear from you.
Fixed price vs Time & Materials
Fixed price
Payment is fixed
Size of project small or medium
Scope or requirements are defined
Zero or little flexibility
Little client participation
Methodology using waterfall software
Time and materials
Payment is hours spent or unit price
Size of project is medium to large
Scope or requirements are evolving
Unlimited flexibility
Significant client participation
Methodology using agile software
When to use
Fixed price
Requirements are well defined
Estimate and plan are accurate and no need for changes
Buyer requires quick turnaround
Suitable for small to medium projects
Doesn't work well if many changes occur
Time and materials
Requirements are unclear, subject to be changed quite often
Estimate is just for reference
In case of urgent deadlines or missing staff skills
Suitable for medium to large projects
Well adopted to change driven projects
Offshore development centre
This is a flexible engagement model that greatly increases the client's product development capacity.
This model can accomodate a high variety of projects and activities such as new product development,
legacy modernization and maintenance, testing services and other long-term activities.
FortySeven innovative engagement
models for your Business.
We'll do everything that is required to make your next big project standout and successful !
Talk to our experts
Here at FortySeven, we transform your ideas into reality with facilities such as developers, round-the-
clock support and maintenance. We help you to focus on your core business while we take care of your
problems.
We grow with your progress.
Your problem is ours - is the mantra !
