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Engineering Outsourcing Business in India-51

14 Aug , 2015,
infidofblog
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Dear Friend,

Please refer our previous blog, Blog No. 50, in which we identified a few measures to overcome the challenges in Business Development.

Let’s review another important aspect in Engineering Business – “Ensuring good margins after paying well to the resources.” As you can see, there are two important phrases “ensuring good margins” and “paying well to the resources” – the “happiness” of an organization depends on the former, and that of resources on the later. Both are important for a “happy state of affairs”.

Let’s identify the factors on which margins depend:

  1. A good effort estimation with a clear understanding with the client on scope change
  2. Sound technical expertise and efficient processes to ensure that the actual effort is well within the effort estimated

What are the challenges with respect to the above?

Factor

Challenges

A good effort estimation with a clear understanding with the client on scope change (i)    No or limited prior experience

(ii)    Incomplete understanding of the scope

(iii)   Lacking in expertise to estimate

(iv)  Difficulties in having with a clear understanding with the client on scope change

Sound technical expertise and efficient processes to ensure that the actual effort is well within the effort estimated (i)     Lacking in expertise

(ii)    Lacking in best practices

(iii)   Superfluous elements in the processes (Quality / Project Management) taking “uncalled-for” extra effort

Do you see any other challenges?

We’ll look for measures to overcome these challenges in our next blog.

Respectfully yours,

Team infiDOF

#3068, 3rd Floor, 11th Main, 11th Cross, Off 80 ft Road, HAL II Stage, Indiranagar, Bangalore, India – 560008


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