Fixed Price
The fixed price model is ideal for urgent or small-sized projects. It fits perfectly for the projects that has a limited scope with clearly defined specifications which would hardly change.
Once we receive such a project, we quickly estimate the budget and time required to come up with an MVP before the actual development begins. The price in this model is fixed which is calculated by the amount of work and it cannot be changed after the signing of contract.
Time and Material
Time and material is best suited for mid-sized, complex, and long-term projects. It’s ideal for projects which require support & maintenance at bug fixing or testing stage.
The major advantage of time and material model is that it allows you the freedom to make changes to your requirements more freely than the fixed price model. That’s why we start working after having an understanding just on the particular scope of work and not the entire project.
Dedicated team
Dedicated team approach is best suited if you’re looking for a long collaboration on a complex project that will begin from scratch. This is best suited for projects that fall under the sphere of Fintech and blockchain technology.
It’s because it helps you adapt in real-time to any evolving business needs or the changes taking place in the market. This model gives you the most control as you can choose the professionals from our company as your employees without handling any hassles of infrastructure, recruitment, and administration.
Engagement methodologies that we offer
We understand that all the projects have different requirements and thus we provide them with various engagement methodologies.
Scrum
Time and Material
It’s an iterative development process suitable for large and complex projects having changing requirements. It’s a cyclic process with overlapping sprints.
- Quick start
- Unclear requirements
- Custom flow
- Real-time updates
Waterfall
Fixed Price
It’s a linear approach to software development process. It’s best suited for small projects since it measures the progress of entire scope in advance.
- MVP & Startups
- Clear requirements
- Fixed deadlines
- Fixed budget
Kanban
Dedicated team
Kanban streamlines the project lifecycle and makes team collaboration effective by making consistent improvements and easing changes in the management.
- Complex projects
- Change requests
- Custom flow
- Greater client control
Software development lifecycle
We treat all the projects differently based on their nature and requirement and thus deploy the suitable methodology. Below mentioned are the steps of all the methodologies.
Time and Material
Fixed price
Dedicated team
Which type of engagement model suits you?
Each engagement model has its pros and cons. Refer the below table to know which engagement models suits your project the best.
Time and Material |
Fixed price |
Dedicated Team |
|
|---|---|---|---|
| Fixed budget | — | + | — |
| Low monetary risk | + | + | + |
| Quick start | + | — | — |
| High flexibility | + | — | + |
| Fixed deadlines | + | + | — |
| MVP | + | + | — |
| Large projects | + | — | + |
| Flexible scope | + | — | + |
| Iterative process | + | — | + |