Business Models
“Customer is the most important visitor on our premises. He is not an interruption
in our work but he is the purpose of it. He is doing us a favor by giving us an
opportunity to do so.” The famous quote by Mahatma Gandhi is our guiding principal.
We understand our clients are all different, with their different needs for unique
solution. There are small projects and big projects. There are projects that finish
within a month and there are projects with various modules that are spread across
several months. All clients and their projects come with their own set of requirements
in terms of flexibility in deliverables, releases and finance terms. And our main
objective at Devise Software Solutions is to deliver value to the customer. We follow
standard business models that are prevalent globally and are well accepted and appreciated.
We follow three different business models as per the difference in scale and scope
of projects. The business models are for large, medium and small projects.
Time & Material Cost Model
Time & Material Cost Model is suited for projects which are large scale and have
an undefined scope. The timeframe for such projects is mostly undefined and they
have various modules going on simultaneously and there are updates in the product
in terms of versions etc. There is no upfront payment for such projects and the
billing is done on the basis of hours spent on it, as updated in the ticketing system.
No dedicated resources are assigned to such projects. The clients are updated about
the project through Weekly and Monthly Time-sheets and Daily Stand-Up Reports.
Fixed-Price Model
Fixed Price Model is suited for projects on a medium scale, with an estimated time
frame of 2-4 months. Such projects have defined scope and clients are required to
do an upfront payment and then pay the installments as the project proceeds with
the milestones. Dedicated resources are assigned to these projects. The clients
are updated about the project through Milestone-wise Reports.
Man-Month Model
Man-Month Model is suited for projects which can be medium to large scale and where
the duration runs in months. For such projects, dedicated resources are assigned
who work on the project. Generally, the client asks for the dedicated resource for
their project under this model. We provide them the service of HR in terms of finding
the apt resources to work on the project and our infrastructure. And the resources
are managed by the client itself. The clients are required to do an upfront payment
and then pay a fixed price on monthly basis. This fixed price is calculated on the
basis of number of dedicated resources assigned, the time they have spent on the
project and our services that have been used.
Contact us to know more about the business model best suited to you.