Business

All You Need To Know About New Hybrid Engagement Model: Product Engineering Model

September 17, 2019

In recent time, many organizations are barely sailing through a storm of challenges and technology disruptions. To sustain alive in this demanding environment, it’s really important they meet the need of providing a top-notch experience to their customers and showcase greater adaptability. To stay ahead of the competition, they must partner with right vendors to bring agility to business and accelerate product development with high potential product engineering services, infrastructure and groundbreaking product engineering engagement models.

Every organization needs a partner who can help them launch new product faster, accelerate time-to-market, adapt to business needs, reduce development costs, improve and shorten product development lifecycle and create an innovative product to exploit the market.

Independent Software Vendor (ISVs) or start-ups need to market their products to reach their audience as quickly as possible. Otherwise, they will be behind their competitors.

At X-Byte Enterprise Solutions, we provide the flexibility and transparency to its clients and partners through its business and engagement models by virtue of offering services through its huge pool of technical talent and the ability to work in coordination with client’s process and expectations. We ensure the clients get benefits of the outsourcing by providing them an engagement model tailored to their needs to fit.

Being the prominent and leading custom product engineering development companies in USA, we capitalize on cutting-edge technologies; employ robust framework and efficient workflows to facilitate stage-wise delivery for better product control and visibility.

Start-ups or entrepreneurs need a partner or product engineering development company which does not only help in product development but also act as true-partner scale product, to support customer requirements and to accelerate sales in the market for company’s overall growth.

This Product Engineering Model is a well-defined product roadmap that aligns with start-ups, SMEs, and Entrepreneurs’ long term objectives, define key success metrics, design and develop the product. It also aligns the operating model to their product goals, and to optimize the business processes and systems.

As market competitor rises, and end-user demand continuously increases, we leverage our expertise and domain experience to help start-ups, SMEs, Entrepreneurs, and ISVs build superior, differential products that strengthen their competitive edge in a dynamic marketplace.

There are four different kinds of engagement models and organizations must select the one that is most suitable to them, based on their needs, financial status and logistical considerations.

> The Fixed-Price Model

> The Time and Material Model

> Dedicated Development Model

> Product Engineering Model

When you first start thinking about how are you going to engage your customers, it’s really important to think about the next step and decide which model will help your business grow. Sometimes, Product Engineering Model may quench your thirst by executing it for your business.

Product Engineering Model

The Product Engineering Model is the flexible and user-centric model that X-Byte Enterprise Solutions provides to start-up companies. Product Engineering Model focuses on needs, wants, and interests of the client along with ensuring the level of control, flexibility and responsibility.

As per this model, first, a rough effort estimate for the agreed project scope is shared along with a technical proposal. However, there is no predefined scope here. You get a fixed price and you don’t pay any more than that.

In order to be able to get product engineering model, however, even if you don’t have predefined scope or much resources, the amount gets fixed. However, product engineering model has one big advantage, and that is the fact that allows you to flexible for your scope. If you have limited budget, or if your planning is slow and complex, this model will save you a lot of trouble by giving making you flexible for your requirements.

Product Engineering Model is also known as Hybrid Engagement Model as it sticks to its fixed price but varies in scope.

Advantages

Choosing this Product Engineering Model assures an array of some benefits that include:

> On-time and on-budget project completion and delivery

> Complete transparency at all project development stages

> Least possibility of untimely escalations in the incurred cost

> Optimized performance with due predictability and reliability

> A huge and liquid scope to amend the project anytime

> Long-term product concept

> Original product web development like Facebook, Instagram, etc

> Feedback can be implemented before the launch of product

Our low-risk, product engineering model engagement model is most suitable for the start-ups or small companies. If the client wants us to work on small or medium level projects that have well defined:

> Scope

> Requirements

> Specifications

> Schedules

Value Proposition

We endeavour to be the one-stop solution for all your business needs. The value we bring on the table is not limited to but revolves around these main value propositions for our customers

> Flexibility: To tweak our engagement model to suit your business requirements.

> Cost-effectiveness: To provide maximum efficiency and greater cost benefits.

> Excellence: By providing excellent service, in our customer service and support to see our customers happy and satisfied.

> Transparency: In all our communication and delivery updates.

> Quality: As the key focus with utmost attention to details in our work.

Process

> Cost is divided into equal cycles of the product development life cycle

> Cycle is divided in a way which can individually be launched

> Scope is defined while the development of the product

> The improvement of the product or any feedback can be implemented before the launch of the product.

You want to outsource an idea or a requirement. A Product Engineering Model is shared for agreed Project scope.

In today’s dynamic techno-business environment, small companies or start-ups must be future-ready and leverage the services of products to maximize the latent potential of their product and outperform competitors with product engineering development lifecycle.

X-Byte Enterprise Solutions offers high-value end-to-end product services and flexible product engineering models to meet your product needs. Contact Us today to know more and learn how your organization can benefit from them.

Bhavesh Parekh

Bhavesh Parekh is a Director of X-Byte Enterprise Solutions, an ever-emerging Top Web and Mobile App Development Company with a motto of turning clients into successful businesses. He believes that client's success is company's success and so that he always makes sure that X-Byte helps their client's business to reach to its true potential with the help of his best team with the standard development process he set up for the company.