An offshore development center is an extended, integrated, Committed and dedicated offshore team supporting a company located in another country i.e offshore. Specifically, it is a branch or a subsidiary of a company existing in another country or can be a sister concern. The ODC is a popular business model for different kinds of companies including startups ,small scale or enterprise companies . This model has been used for various business processes and services such as the creation and maintenance of solutions and software, project management, testing, and migration, and technical or customer support.
The concept of offshore development is quite simple. It basically functions as a global extension of the existing IT team of an organization, which is more economical, commercially sane, Committed, and provides top-notch product/service quality.
Though, you can add or remove resources based on your requirements and as per you will. But usually, this team consists of full-time dedicated, committed offshore developers, designers, software testers, quality analysts, copywriters, a project manager, and delivery manager.
So, the client organization doesn’t have to worry about any aspect of the development process. Your ODC partner will share your responsibility for the product development cycle, buying you enough time to focus on your core business functions.
As an entrepreneur, you can;
That’s why most startups, SME’s as well as enterprises are investing in this business strategy.
Three most common yet crucial engagement models to set up an offshore development center are;
1. The fixed Cost Model is one of the most simple, elegant and beneficial engagement models, ideal for small to medium-sized projects. In this model, the cost is finalized, eliminating all the possibilities of any additional service cost or hidden costs.
2. This Model is a team-based model that consists of all the sources of technologies, architecture, and platforms. A dedicated team model is assigned to one project at a given time Frame, which is great for developing some big volume or complex project because of a dedicated team.
Time & Material model is used when the total work scope is uncertain,unclear and cannot be estimated. Well, these kinds of projects cannot be assigned with a fixed price and dedicated team as the total scope is undetermined and unclear.
The volume of the work varies as software development is in process. So, hiring developers on an hourly basis from Eleserv makes more sense.
