In this mobile driven world, Business associate IT outsourcing with cost efficiency and price arbitrage. Why not do more for less? Statistics state that around $288 billion has been spent globally for IT outsourcing services and according to Deloitte reports, 53% of businesses outsource their IT functions. The reasons for these staggering figures to outsource mobile app development is quite simple: Due to sheer amount of benefits of outsourcing, it is highly implemented across different domains.
Mobile app development outsourcing helps to reduce and control expenses, reduce the time to market, accelerate company transformation.
However, when you decide to outsource mobile app development, selecting the best service provider and most importantly the engagement model becomes difficult task.
When it comes to selecting the engagement models, you are generally offered three models : Fixed Cost Model, Time and Material Model and Dedicated Hiring Model. Each model has its own pros and cons. Selecting appropriate engagement model for your business need complete analysis to outsource mobile app development.
To simplify the decision, let’s go through all three models.
You have to define the scope, requirements and timeline and pay a decided amount of fixed price for the final product. This helps a low risk option for the clients and is almost best suited for the situations when scope and specifications for the projects are clear.
Project and efforts are estimated in terms of execution time and resources deployed.If you are willing to invest in the gradual and continuous development of quality app development, then this can be the perfect model.
When to Choose Time and Material Model?
Under this model you can hire dedicated developers for your development purpose and keep the task and project management in-house. You only have to pay a fixed monthly fee for each resource you use. You are flexible to select skilled resources and complete development process with knowledge retention.
LetsNurture is one of the leading provider of web & mobile app development services giving you access to qualified and experienced professionals with a sound domain knowledge. Moreover, we have catered many applications in different niche.
When you outsource mobile app development to LetsNurture, you can expect cutting costs, superior project control and dedicated resources. Get in touch with us to know more about our services. You can write to us at email@example.com