Choosing an engagement model for the business is termed to be a crucial aspect, especially in today’s ever-changing market. Organizations are not only worried about their business outcomes, but also about the type of engagement model to be selected for rational software product development, besides using cost effective approach.

Trying to choose the perfect engagement model has been aimed towards defining goals and objectives within a suitable pricing model. There are different factors which tend to base the decision and include the vendor’s overall success records and maturity level, customer experiences, vendor marketability.

Introduction of new Enterprise software companies in India

With each and every business having different types of requirements, it is not possible to come up with a single model which can perfectly fit the specific needs of every enterprise software development. There are present different engagement models which are said to cater to the diversified requirements of the business.

Brief overview of software engagement models

• Material and time: Robust client-vendor relationship is ensured with this particular model combined with seamless communication. Also is offered greater flexibility to change specifications of the project at any point of time in the software developmental process. It is quite suitable, if there is present no clarity with regards to the project scope and features. There also exist deviations and iterations in development needs. It is necessary for the service provider and the client to agree on fixed period for allocated resources. Projects that involve IoT, Artificial Intelligence or Game development have found this model to be more beneficial, as its requirements fluctuate from time to time.
• Fixed price: It is quite suitable for medium to small sized projects. While selecting such price model, it will be useful to know about project deadlines, requirements and scope much in advance. For such model to work perfectly and provide the best results there needs to be in plan proper analysis, cost estimation and initial plan. Although direct client involvement is not necessary in this model, the technology vendor’s opinion is recommended for the purpose analyzing expenditure of customized software development as well as to know the risks surrounding it.
• Dedicated developer/team: This model helps to eliminate shortcomings of fixed price as well as that of material and time. It also helps to agree the cost and to come up with changes in the software features, to shuffle resources or make modifications within the software developmental lifecycle at any point of time. It is also stated to be cost effective especially for those long term projects that face constantly changing requirements. With regards to work plan and software development process, as well as paying monthly retainer fee per team, the entrepreneur tends to have full control.

Prior to selecting any engagement model, it will be necessary to first find out the specific business requirements and budget. Fixed price model is perfect for short term projects having pre-defined requirements, and limited functionalities. Material and time model can be selected for projects requiring significant planning. Dedicated developer/team model can be selected for long term software projects, involving substantial investments. Discussing with the funded Enterprise software leading companies in India can help find the right solutions for the business.