OUR PROCESS & ENGAGEMENT MODEL
Our Process
We at gNxt Systems follow a methodical approach for pricing based on business engagement models for Projects. Fixed price and T&M models are the most commonly used engagement models. If you have no preference of business model we will recommend a model after careful inspection of the project based on the type of project, amount and type of task to be accomplished.
1. Discovery and Consultation
Objective:
Understand client needs, goals, and challenges.Activities:
2. Strategy and Planning
Objective:
Develop a detailed project roadmap and strategy.Activities:
3. Design and Prototyping
Objective:
Create intuitive and user-friendly designs.Activities:
4. Development and Implementation
Objective:
Build robust and scalable IT solutions.Activities:
5. Testing and Quality Assurance
Objective:
Ensure the solution meets quality standards and requirements.Activities:
6. Deployment and Integration
Objective:
Launch the solution smoothly and integrate with existing systems.Activities:
7. Support and Maintenance
Objective:
Provide ongoing support and continuous improvement.Activities:
Engagement Model
We offer flexible engagement models tailored to suit your specific needs and project requirements. Our goal is to provide maximum value and adaptability, ensuring a successful collaboration.
Fixed Price Model
Fixed Price Model (FPM) is ideal pricing option when requirements are clearly defined. We will quote certain price at the outset and the whole project development is carried out within that pricing framework. gNxt Systems’s fixed price model offers a low-risk option to clients. This model also guarantees on-time, on-budget delivery of projects. Deliverables, costs, and timelines are clearly defined up front in the model. However, in this model, for any change in scope at the later stage in the project delivery, a prior agreed upon fixed hourly rate is charged to the client.
- Best for: Clearly defined projects with fixed requirements.
- Features:
- Predetermined budget and timeline.
- Detailed scope and deliverables outlined in advance.
- Transparent and predictable pricing.
TIME & MATERIAL MODEL
It is Ideal for clients who themselves want to play a larger part in project execution. In this T&M model the pricing is determined based upon the number of person hours required to complete the project. This model is useful when scope, specification and implementation plan of the project is not easy to define e.g. During the initial phase or projects. In Time and Material Model client pays as per the number of person hours put in development efforts. If the T&M model determines the exact scope and the project allows the scope to be frozen, the model can be converted into a fixed price model.
- Best for: Projects with evolving requirements and scope.
- Features:
- Flexible budget and timeline.
- Pay for actual work and resources utilized.
- Adaptive to changes and new requirements.
DEDICATED RESOURCE MODEL
Dedicated Resource Model is the right model for web development, especially for overseas web development companies. In this model, we will provide resources to work dedicatedly on your project or be the part of your development team or to establish your offshore development center. They work in our office.
- Best for: Long-term collaboration and ongoing projects.
- Features:
- A dedicated team of experts assigned to your project.
- Full control over team composition and project management.
- Scalability and flexibility to adjust team size as needed.
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