From initially being just a cost-cutting concept, IT outsourcing has gradually and steadily moved ahead to establish itself as a must-have successful business model by rendering not only cost-effective but also sophisticated and highly efficient quality services and solutions.
Historically, IT outsourcing decisions were taken for predominantly tactical reasons - acquisition of scarce additional resources at beneficial cost structures. Regardless of the industry, a common business imperative is to generate innovative products, services and solutions with improving time-to-market, without a high cost structure.
The need to shift from tactical to strategic outsourcing is all too evident. In this scenario, choosing the optimum model for IT outsourcing is critical, for this will determine and put the foundation in place for sustained growth.
Moreover, IT outsourcing to locations that offer better economic models has gained ground with the offshore IT outsourcing trend proving that no matter which part of the world your service provider resides, what really matters is industry-standard, high-quality services and solutions, together with sustainable cost-advantage -- all of which Primesoft can provide your organization .
Primesoft offers forward-looking IT outsourcing engagement models to our clients that go over and beyond tactical outsourcing. These models offer the opportunity to accelerate outsourcing higher along the collaborative value chain.
Our customers can choose from any one the generally accepted engagement models below, or a combination of them. More importantly, we can work with you to customize an engagement model that will address your organization's unique IT outsourcing needs.
- Fixed Price Model
- Time & Material Model
- Build, Operate & Transfer Model
- Joint Ventures Model
Any of these engagement models can be applied to our suite of outsourced IT services and solutions in ingenious ways for convenience and best value for money.
Fixed Price Model
With the fixed price engagement model, you and Primesoft will agree on a set duration and cost for your project. You get predictable results and predictable benefits, leaving no room for surprises in the middle of an engagement.
Best for projects of low-to-medium levels of complexity, where you know exactly what you want and exactly how to get it done. This model is ideal for projects with specific documentation and adequate details, enabling us to complete it within a specified timeframe. However, this leaves little room for changes and additions while project development is ongoing, and this also assumes your availability to give comprehensive and timely feedback during each stage of the development process.
Benefits include the predictability of your costs and schedule, as well as minimal exposure to risk. However, all these are hinged on your business's ability to prepare for the project in great detail and to anticipate various factors that may affect the project's success. In this model, the more detailed the preparation, the smoother and faster the execution.
Time & Material Model
With the time and material engagement model, your costs and schedule will vary depending on your specific requirements and on the complexity of your project. This gives you maximum flexibility and also allows you to make substantial revisions to your project even as it is being developed.
Best for projects of medium-to-high levels of complexity, where its specifications may evolve as the project develops. The objective of this model is to find the right solution to a specific business challenge, and not to rely on pre-packaged, catch-all solutions that may not work in the long run.
Benefits include full access to Primesoft's wide range of expertise in various IT solutions and services, as well as the assurance that the final solution offered to you is the best solution for your particular need. However, this assumes that your organization has the resource flexibility to accommodate changes in project scope, cost, and duration.
Build, Operate & Transfer Model
In this engagment model, Primesoft offers you the opportunity to maximize its technical expertise while still enabling you to manage your own IT organization.
Primesoft will set up your infrastructure and your organization, manage your resources and ensure the transfer of technical and management expertise, and register a new offshore entity under your name -- if required. This allows you to establish and to run a professional organization that has been trained by experts and professionals with a track record of integrity, excellence, and success.
Best for organizations that are looking to establish offshore development facilities in the Philippines and would need the expertise of a tried-and-tested organization such as Primesoft to jumpstart its operations.
Benefits include maximum flexibility in operating and in managing your own IT infrastructure, while minimizing the risks involved with setting up technology start-ups. It enables you to focus on your core business while building the IT capability and expertise that will allow you to expand your operations and to cater to a broader market in the near future.
Joint Ventures Model
In this engagment model, Primesoft offers you unparalleled strength as it enables you to maximize the strengths of both our organizations while managing a separate legal entity.
Through this, you will have the opportunity to be part of a new organization that will tap emerging markets, serve a broader client base, and gain access to technical expertise that you may not be able to get anywhere else.
Best for organizations that want to meet the challenge of serving yet-unmet technology needs of a large market base, with the expertise and the resources of an organization that has already served a wide clientele worldwide.
Benefits include maximum flexibility in operating and in managing your own IT infrastructure, while building the IT capability and expertise that will allow you to expand your operations and to cater to a broader market in the near future.
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