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Flexibility Is Our Second Name

Flexibility is our second name, as we adapt our strategies and solutions to meet the unique needs
of your business, ensuring maximum efficiency and success.
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Time & Material (T&M)

In the T&M model, clients are billed based on the actual amount of time and resources expended by the software house on a specific project.

Advantages:

Flexibility: Changes can be easily made mid-project without a major contractual overhaul.

Transparency: Clients get a clear view of where time and resources are being spent.

Scalability: Easy to scale up or down based on project needs.

Disadvantages:

Uncertain Budgets: Costs can escalate if the project scope isn’t clearly defined or if changes are frequent.

Requires Oversight: Clients often need to closely monitor progress to ensure time is being utilized efficiently.

 

Fixed Priced (FP)

With the FP model, a software house commits to complete a specific project for a set price, regardless of the hours or resources expended.

Advantages:

Budget Certainty: The client knows exactly how much the project will cost from the outset.

Risk Mitigation: The software house assumes most of the risk, providing an incentive to finish on time and within budget.

Disadvantages:

Less Flexibility: Any changes to project scope typically require contract renegotiations.

Potential for Lower Quality:To stay within budget, a software house might cut corners if they underestimated the project’s complexity.

 

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Retainer Model

A software house provides services to a client over an extended period for a recurring fee, usually monthly. This model is great for ongoing maintenance, updates, or continuous development projects.

Advantages:

Consistent & Predictable: Both parties have a clear understanding of deliverables and costs over the contract’s duration.

Dedicated Resources The software house can allocate dedicated resources knowing they have a steady income from the client.

Disadvantages:

Less Flexibility: May be challenging to scale resources up or down rapidly in response to changing needs.

Dedicated Team Model

AThe client pays for a dedicated team of professionals who work exclusively on their project. This model is ideal for long-term projects where the client wants a team that’s intimately familiar with their project and can function as an extension of their in-house team.

Advantages:

Deep Understanding: The dedicated team becomes experts in the client’s project, ensuring high-quality outputs.

Cost-Effective: Over the long term, having a dedicated team can be more cost-effective than continually onboarding new contractors.

Disadvantages:

Higher Short-term Costs: Initially, setting up and training a dedicated team can be more expensive than other models.

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Product Discovery Workshop

At EffectIT, we emphasize the importance of a thorough conceptualization phase for your software or product idea.
We believe that understanding and meticulous planning are the cornerstones of a successful project. Our Product Discovery
Workshop is designed to provide your vision with the detailed blueprint it deserves

  • Clarity and Vision

  • Efficient Resource Allocation:

  • Reduced Risks