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Project based pricing / Fixed Price Model

This option has minimal risk, which allows you to choose when the scope and specifications for the projects are reasonably clear. This model works best for - Customers with well-defined requirements and project schedules. Under this option, the customer pays a pre-negotiated fixed price for the complete project, which in turn is linked to well-defined deliverables. This model guarantees on-time, on-budget delivery of projects. Deliverables, Costs and Timelines are clearly defined in the Fixed Time/Fixed Price model.

Process


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Step 1 Project Team/Scope Identification. 

Project Scope

The client will provide a detailed specification document to DeltaX. DeltaX along with the client will review the specifications and ensure that all assumptions, details are clearly mentioned. DeltaX will prepare an effort analysis and propose a fixed price and fixed time frame for the project execution. DeltaX will also highlight the scope of change and the possible risks during the execution phase. -

Agreement sign off

The client and DeltaX will enter into an agreement that covers documentation, application design, testing, support period, change management, communication protocols, milestones, timelines and commercial details. The project is executed as per the agreement. 

Need to identify key team members for project.

Step 2. Offshore System Analysis/Process Definition.

The purpose for this phase is to understand the client’s requirements, business processes, company standards, the existing systems IT environment (if any) as well as the approach that will be used.

DeltaX’s business analyst discusses the project in detail and prepares a specification document detailing the various elements of the project.

Step 3. Offshore Simulation- Local environment simulation .

-Simulate client’s IT environment at offshore development Center.
-Offshore Infrastructure (IT, software and physical).
-Set up the offshore team.

Step 4. Offshore Project Execution.

A development approach can be identified which will suit the client best. We are more inclined to follow the Agile Process methodology.
Start executing project according to the project plan.

Step 5. Review the project deliverables and identify the weak areas of the implementation.

- Implement the feedback.
- Change Management
- Test Plan/Cases.

Back to Engagement models
 
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