An engagement model acts as a foundational agreement, structuring the collaboration between an IT services provider and their clients. It meticulously details the project’s boundaries, clarifying who is responsible for what, and establishes the financial structure through defined pricing. Furthermore, it dictates the project management methodologies that will be employed, ensuring a consistent and predictable workflow. Selecting the optimal engagement model is crucial, as it must align with each organization’s specific needs and objectives to foster a successful and productive partnership.
The Managed Services model offers a comprehensive approach to your application support and development, handling your day-to-day incidents and other operations and freeing your internal team to focus on core business activities.
The Managed Services model can be applied effectively to both application support and development, offering a structured approach to managing these critical functions.
With managed services, we take a proactive approach to managing your IT applications, minimizing failures, and maximizing efficiency.
Enjoy predictable monthly costs with our managed services model, making budgeting easier and eliminating unexpected expenses.
Access to a team of experienced professionals who are dedicated to keeping your systems running smoothly, allowing you to focus on your core business.
We take over the day-to-day management of your IT applications. This allows your team to focus on core business activities.
The Time and Material (T&M) model offers a flexible approach for application support and development, where you pay for the actual resources and time invested in your project. This model offers flexibility for projects with undefined scopes or evolving requirements.
The time and material engagement model offers maximum flexibility, allowing you to scale resources up or down based on your project requirements.
You only pay for the actual time and resources used, making this model cost-effective for short-term projects or tasks with variable scope.
Ideal for projects with evolving requirements or uncertain timelines, as it provides the flexibility to adjust resources as needed.
Pay only for the time and materials used, ensuring full control over project expenses.
The Fixed Price model offers a predictable cost structure for application support and development, where you agree on a pre-defined cost upfront for a clearly defined project scope.
With a fixed-price engagement model, you know the total cost of the project upfront, providing budget certainty and eliminating the risk of cost overruns.
A well-defined project scope ensures that both parties have a clear understanding of deliverables, timelines, and expectations from the outset.
The risk is transferred to the service provider, who is responsible for delivering the project within the agreed-upon scope and budget.
Encourages clear planning and efficient execution to deliver the project within the agreed-upon budget and timeframe.
For businesses working on large-scale projects, facing tight deadlines, or seizing new business opportunities, having the right talent at the right time is crucial.
FECUND bridges the gap between IT talent and business needs through our robust recruitment system, which focuses entirely on client requirements and approvals.
Whether you need resources offshore or onsite, our talent on demand services provides you with highly skilled professionals who can immediately contribute to your project’s success.
This flexible model ensures that you have the right expertise exactly when you need it, without the long-term commitments of permanent hiring.
Talent on-demand model gives you access to a pool of skilled professionals with specific expertise, allowing you to quickly scale your team based on project requirements.
Eliminate the need for recruiting, training, and retaining full-time employees for short-term projects, reducing overhead costs.
Quickly adapt to changing project demands by leveraging additional resources or specialized skills as needed, without long-term commitments.
Easily scale your IT team up or down as your project needs evolve, ensuring cost-effectiveness and efficient resource allocation.
The global IT and software development market is evolving, and the Offshore Center as A Service (OCAS) model is becoming increasingly popular.
FECUND can help you establish your own captive offshore center, designed to grow your business and enhance operational efficiency. Our services cover every aspect of setting up your offshore center, from the initial setup to transition and continuity.
By opting for OCAS, you gain full control over your offshore operations while benefiting from our expertise in managing and optimizing offshore centers.
Complete ownership and control over offshore operations.
Enhanced efficiency through a captive offshore center.
Comprehensive services from setup to operational continuity.
Scalable infrastructure to support business growth.
To protect the confidentiality of sensitive information, both parties sign a Non-Disclosure Agreement (NDA) before initiating discussions. This agreement ensures a secure and trustworthy foundation for the engagement.
We work collaboratively with our clients to define project objectives, deliverables, timelines, and success metrics. This step aligns our efforts with the client's vision and requirements.
In-depth discussions are conducted to gather all necessary inputs, address any queries, and create a comprehensive project roadmap. This ensures clarity and precision in planning.
Based on project needs, we recommend and finalize the most suitable engagement model, whether it is fixed price, time and material, or a dedicated team approach. This flexibility allows us to align with diverse client preferences.
The Statement of Work (SoW) or Master Service Agreement (MSA) is finalized and signed, outlining the scope, terms, and conditions to formally initiate the project.
Regular updates are shared with the client to track progress. We actively seek feedback and provide support to ensure smooth execution, making adjustments as needed for optimal outcomes.
Regular updates are shared with the client to track progress. We actively seek feedback and provide support to ensure smooth execution, making adjustments as needed for optimal outcomes.
Once the project is completed, final outputs are delivered, and a closure review is conducted to ensure client satisfaction. This marks the successful completion of the engagement.
Choosing the Right Model
The right engagement model depends on your unique project requirements, project complexity, risk tolerance, budget and desired level of control.
Team FECUND will work closely with you to understand your specific needs and recommend the most suitable approach.
Contact us today to discuss your specific IT project and find the perfect engagement model to drive your success.
Contact FECUND today to learn more about how our Engagement model can help your insurance organization thrive in a dynamic and competitive market. Our team of experts is ready to assist you in transforming your operations and delivering exceptional experiences to your customers.
Get in TouchWe use non-disclosure agreements (NDAs) and have other IP clauses within MSA to make sure your IP is protected.
We have all the necessary arrangements to make sure your data is secure. We can also build additional security layers as per your requirements.
Typically, companies can achieve up to 30-40% cost savings with an ODC. This will vary from engagement to engagement and company to company.
An ODC can scale from 5 to over 100 developers depending on project needs.
