How we work

• Dedicated team
  VITech acts as a virtual extension of the client’s own development team. The Dedicated Team model is focused on building a long-term strategic partnership between VITech and a Client and assures a high level of knowledge retention; full alignment with the client’s standards, processes, and policies; and wide flexibility for a client to utilize a team for different requirements or needs. Highly recommended for long-term projects with unclear requirements that change as the scope evolves.
  
  Key benefits:
  - Most cost-effective model for the long-term collaboration
  - Transparency and visibility
  - Highly scalable and flexible in resourcing
  - Daily interaction and regular reports
  - More control on resources and project knowledge
  - Low risk for both VITech and Client

• Time and material
  This is one of the most common contract types in software outsourcing business. In this model, projects are contracted for a defined or open-ended number of hours to provide clients with greater flexibility to manage evolving requirements on an ongoing basis. In Time and Material (T&M) contracts, VITech bill a work scope based on hourly labor rates, plus the cost of any materials. The main advantage of the T&M model is the flexibility and the opportunity to adjust requirements, shift directions, replace features, and involve on-demand specialists to get to the final product. However, such flexibility has its price – the actual cost may differ from the estimated cost when it comes to the final implementation budget.
  
  Key benefits:
  - Full flexibility in managing scope changes and resource utilization
  - Applicable for projects of all sizes and complexities
  - Simple to understand and implement
  - A high level of resource control for the client
  - Moderate risk for Client

• Fixed price
  In the Fixed Price model, VITech charges a fixed fee for predefined deliverables. This model is apt for projects that are built around a fixed scope, budget, and timeline. By running a fixed price, VITech and a Client share some scope-related risks. Therefore, the project scope should be well-defined and deeply detailed from the very beginning; failing to do so may impact cost and timelines. This model is best suited for small to mid-sized projects.
  
  Key benefits:
  - Standard, agreed procedure to deal with changes
  - Predictability of the project timelines and outcomes
  - Defining your requirements and writing specifications
  - Directly addresses Client’s business needs
  - Low risk for the Client

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