Types of engagement are extremely critical for a successful outsourcing venture. We believe that a single business model is not suitable for everyone. From our years of experience and best industry practices we have come up with various engagement models.
Fixed Price Model
The client pays a pre-negotiated fixed price for the complete project, which is linked to well-defined deliverable.
Project is executed on a fixed-price, fixed-time billing basis. Engagement may be fixed on final specifications, and pre agreed certain level of flexibility. This engagement type places full responsibility for all costs on Elan.
In these projects, milestones-based payment schedules are reinforced for progress monitoring, and the evolution of firm, achievable milestones. This is well suited if you have complete clarity and understanding of the project from business as well as technical aspect.
Time & Material Model
The standard time-and-materials methods of work, based on actual spend. This is monitored through weekly timesheets and progress reports. From the customer's perspective, you are always assured of getting what you need and paying for only what is needed.
There are several benefits that Elan's Time and Material engagement model brings to you:
-Complete transparency. We provide detailed timesheets of every week.
-No hidden fees
-Reinforcement of Elan's ability to offer flexible engagements and teams
Time and material jobs work out for the best when there are many 'unknowns' about a project. Since there is a degree of uncertainty, it is highly essential that all aspects of the project are taken into account clearly and a scope is kept for incidentals.
Dedicated Development Center
A Dedicated development center, which is an extension of the customer’s software engineering facility, is popular among customers, who are looking at long-term gains from offshore outsourcing.
In this model Elan Emerging Technologies reserves resources, equipment and infrastructure, exclusively for the customer. While such a model is normally for a pre-determined minimal period of time, it allows the client to leverage the talent pool, the cost effectiveness of such an offering and superiority of our Project Management.
We jointly identify and define the team along with our customer and have full transparency, access and control on the team along with our customer whereby the dedicated team works as extension of the customers’ development team. We have successfully implemented this concept for more than 18+ software product companies across the globe thereby enabling them to obtain a sustainable advantage over their competition and providing them possibilities of supernormal savings in their development costs.
Dual Shore Development Model
The Onsite-Offsite Model, also known as the dual-shore model, takes advantage of onsite and offshore services to deliver results to clients at reduced costs.
One of the most popular to have emerged so far, this model maximizes efficiency in resources and costs. Ideally, 20%–30% of work is done onsite and 70%–80% is sent offshore, depending upon the criticality of the project. Its benefits include near 24-hour work cycles; the ability to structure and assemble teams with diverse, multiple skill sets; lower-cost resources; and the ability to quickly scale (up or down) depending on the requirements. The Onsite-Offsite Model owes some of its success to the fact that it enables clients to directly interact with the service provider through the onsite team and simultaneously enjoy the benefits of off-shoring. The Onsite-Offsite Model also has its own set of challenges — project management and administration costs, optimization of cross-cultural communication, and the supervision of onsite teams.
Build Operate Transfer Business Model
Elan’s Build-Operate-Transfer model enables customers to rapidly start offshore operations and later transfer the offshore development center as their own subsidiary/captive center.
Elan provides the following value proposition during each phase of the process:
Build: Setup the facility and infrastructure, staff the development center, and establish knowledge transfer.
Operate: Manage the offshore organization: Program Management, Development, QA, maintenance, enhancements, and product support.
Transfer: Register a new offshore subsidiary for the customer, transfer assets, and handover operations.
The dedicated facility leverages eLan’s technical infrastructure, processes and execution capabilities. The dedicated facility is staffed either by existing resources or by client’s resources or by resources hired specifically for engagement or a mix of all. Captive Centre has a well-defined mechanism for the smooth transition of the facility i.e., its own captive center to the client.
Captive Center Establishment (Your Competency Center)
Captive model means that customer organization makes strategic decision to create its presence in the lower cost location and conduct work there as a part of its own operations. The activities are performed remotely, but they are not outsourced to the vendor. Thus the customer is able to retain full control and mitigate respective risks associated with intellectual property and other sensitive business information.
