PARTNERSHIP WORKING MODELS

Elinext Group’s experience obtained in IT industry allows to establish partnership relations using all possible engagement models to provide customers with a high level of transparency and full control. You can choose from a list of standard models keeping in mind the size, complexity and delivery requirements of the project. We are also happy to offer customized models according to any of your specific requirements.

PARTNERSHIP WORKING MODELS

Elinext Group’s experience obtained in IT industry allows to establish partnership relations using all possible engagement models to provide customers with a high level of transparency and full control. You can choose from a list of standard models keeping in mind the size, complexity and delivery requirements of the project. We are also happy to offer customized models according to any of your specific requirements.



Overview
Fixed cost model has just one requirement: it is primarily used in projects with clear outcome. When it is clear what needs to be done, the benefits of the pricing model step up, the workload is estimated correctly thus the project get accomplished on time. This model is most of the time suitable for small scale projects (400 – 600 person / hours).

Applicability
The Fixed Cost Model is ideal for familiar and well thought through projects of low to medium complexity. The model requires well-developed technical requirements in form of specification documents. This allows to know all the project-related risks beforehand. The projects are typically neither changed nor extended during implementation. Fixed cost model requires some participation from the customer in the form of timely and relevant feedback and decisions.

Process
You provide a detailed technical requirements document to Elinext Group. Elinext Group along with you reviews specifications and ensures that all assumptions, details are explicit. Elinext Group will prepare price quote with a fixed price and fixed time frame for the project execution. You and Elinext Group conclude an agreement listing all details. The project goes on in strict coherence to the agreement.

Benefits
The main benefit of the model is low risks and predictability of the project outcomes, which, however, depend on the quality and quantity of efforts spent to specify the project requirements. Elinext Group offers business consulting services for project estimation and specification.

 

FEATURES

  • Fixed price
  • Fixed time
  • Well-defined requirements
  • Standard agreed procedure to request a change
  • Phased approach

PROCESS

  • Initial enquiry
  • Analysis
  • Quote
  • Customer agreement
  • Development
  • Release

Overview
Suitable for clients who want to be in control of the project development process. Within Time Based engagement model, as the name suggests, the customer is charged according to the resources utilized and the time spent while working on the project.

It is mainly used for those application development projects, where scope, specification and implementation plans cannot be fully defined in advance. The development work is billed every month on a mutually agreed and previously negotiated person / hour rate. Partnership in accordance with the Hourly Based Model can last from 3 months to several years.

Applicability
This is the method for projects that are longer in duration and where project specifications can be modified during implementation. Medium to large scale projects of any complexity are best executed within this approach. The most of the complex software projects aim at delivering some sort of solution to a business-related problem. This model allows software developer and the client to work out the solution together.

Process
Project according to the Hourly Based Model as a rule are executed in close and productive cooperation between Elinext Group and the client. A typical scenario involves finding a problem, working out a solution, business analysis, working out specifications, visual mapping, architectural design, documentation, coding, QA testing, release and support. This kind of projects can be subject to change on the run, in compliance to a previously agreed change management procedure, which is an important part of the agreement. Management of complex projects requires close collaboration between the client and the developer.

Benefits
The main benefit of the Hourly Based Model is what you get in the end is a business solution for complex business problem developed under your close supervision by a co-joint team of professionals. The model implies benefits to the Elinext Group’s clients in terms of profound business analysis, long experience in R&D, rational project management all employed to reach the expected business solution.

FEATURES

  • Person / hour price calculation
  • Close cooperation with the client
  • Flexibility and transparency
  • Daily / weekly task assignments
  • Regular updates & review

PROCESS

  • Initial enquiry
  • Analysis
  • Suggest T&M model
  • Customer agreement
  • Development
  • Monitoring
  • Release

Overview
Elinext Group offers Dedicated Team Model to the clients, requiring continuous use of a resource on a particular technology. The dedicated team acts as virtual employees to the client. The dedicated team works exclusively and full time on the client’s tasks.

The team follows the client’s work policies and development methodology, works exclusively on client’s project(s), who interviews, selects and manages each and every team member, exercising full control over the team.

Applicability
This is the method for projects that are longer in duration and where project specifications can be modified during implementation. Medium to large scale projects of any complexity are best executed within this approach. The most of the complex software projects aim at delivering some sort of solution to a business-related problem. This model allows software developer and the client to work out the solution together.

Process
Both parties discuss nature and potential scope of the project. Elinext Group experts start preparing the specification documents that estimate the monthly price and staff requirements. When these key terms are mutually agreed, a contract is prepared for signing, including such issues as confidentiality, licensing and intellectual property, warranty extent, period of maintenance and support, etc. During this time, Elinext Group builds up a dedicated project team. After a contract is signed and a dedicated team starts working, the client takes full control over the dedicated team. If the workload decreases, both parties can agree to vary or terminate the agreement. If the workload increases, additional staff can be added to the dedicated team.

Benefits
The Dedicated Team Model leaves plenty of space to gather the best team for your project with complete devotion to your business needs. You interview team members from a short list of IT professionals carefully selected for your consideration by Elinext Group. Dedicated team comes with an experienced dedicated team leader to ensure the most efficient workflow. The average price for dedicated resources is lower than for your local developers; in the long run this means significantly lower expenses.

FEATURES

  • A team of dedicated developers works only on your project
  • Your complete involvement and direct control
  • Daily work updates and reporting
  • Monthly scope reports and payment

PROCESS

  • Initial enquiry
  • Contract
  • Dedicated resources allocation
  • Resources work on dedicated projects
  • Monitoring and reporting

Overview
Hybrid model is a combined pricing model, which allows customers to benefit from different pricing models at different stages of project implementation. For example, when the exact project details are still unclear, we can start with time and material. Once the project specifications get base-lined, either a fixed cost or a dedicated team model can be adopted.

Applicability

Elinext Group developed Hybrid Model, which involves the use of time and material model methodology to determine a preliminary budget estimate for those projects that do not have detailed specifications at the beginning. After the initial estimation, clients pay a fixed price that does not change on the go. This model is also often referred to as the “Time and Material for Fixed Price Model”or “T&M 4 FPM.” Another example could be a core dedicated team with the use of additional resources at critical moments charged per time and material.
Features
  • Close cooperation between clients and Elinext
  • Combination of traditional models
  • Elements of agile approach
  • Customer oriented
A T&M 4 FPM is the best pricing model for large-scale and long-term projects, which may need some inputs and feedback at the initial stage from the clients but can be enhanced and improved over time to ensure that all the clients get maximum business benefits from the project.

Process
The working process is very much agile, as we are used to in custom software development. With long history of project development, Elinext Group professionals can work out a provisional quote based on their estimate of person-hours for the project. However, the final cost of the project – that is paid for by the customers – can be a little less or a bit more than the initial quote, depending on the alterations and adjustments a project might require during its implementation. All customers are givendetail report of how human resources have been employed, which is transparent and verifiable. Elinext Group uses best practices in reporting that keep meticulous record of number of person / hours spend on a specific task, so that customers pay for exactly what work has been done for them.

Benefits
T&M 4 FPM pricing model combines the best features of T&M and Fixed-price models. While it allows the clients to employ resources by hour, most of the project implementation goes on according to Fixed Price model with its strict deadlines and well-aligned processes. Clients of Elinext Group – from big corporate bodies to small firms – find Hybrid pricing model attractive in many ways. The model allows co-joint input at the planning stage, which enables to come up with detailed and accurate project specifications, balanced deadlines and an ideal team for the workload and budget of the project in question.

FEATURES

  • Close cooperation between clients and Elinext
  • Combination of traditional models
  • Elements of agile approach
  • Customer oriented