10 Advantages of Managed Team Model- Explained!

10 Advantages Of Managed Team Model- Explained!

To Innovate or to Cease- Decision Makers Across the Globe Are Tactically Investing in Managed or Dedicated Team Models to Seamlessly Adopt Tech Innovations

Businesses face fierce competition from all four corners. The only way to sustain in this hyper-competitive market is to bring about technology innovation. Through cutting-edge technology and skills, companies, of all sizes, are trying to bring in something new, while others can’t. It is expensive, resource-intensive, requires deep thinking, and advanced skills. Software development outsourcing is the only way to beat competitors and move ahead.

An estimated one out of three businesses are slow in adopting technological innovations, which is challenging. While poor knowledge is to be blamed, investment incapacity also causes distress.

A managed team model, or a dedicated team, could be an answer to this rising problem. A managed team plays the role of a catalyst and gives lease of new life to a dying business.

What is the Managed Team Model?

A managed team model comprises of a client and the IT outsourcing company, or the service provider. The team of service providers includes employees – developers, testing teams, etc. The software outsourcing company becomes the middleman, managing employees to complete an assigned project.

Here, the client could be a tech company that requires certain resources and skill-sets to meet a specific goal. Likewise, the service provider has particular expertise and experience to satisfy clients’ objectives. Both the service provider and client sign a contract depending on the needs and nature of work. In this way, the client hires a dedicated developer.

Unlike an extended team, which works more like an extension team and a part of the leading team, a managed team is an entity having its separate frameworks and management.

How Does a Managed Team Work?

In principle, a managed team follows the following steps:

  • The client outlines the requirements. The client also determines the number of team members required for the project and the skill sets needed.
  • Service providers hire a dedicated developer or a managed team, which corresponds to the requirements of the project. Along with the client, the software development outsourcing team agrees on the project requirements and workload for a specific timeframe.
  • Professionals come together as a team and start working for regular hours.
  • The client takes full control over the team and the project, while the managed team concentrates on providing expected results.

What Makes Managed Team Model Just Great?

If you choose a reputed software development outsourcing company with a record of working with a diversified clientele regardless of the scope, nature, and size, you have the advantage of concrete and comprehensive service agreements defining the scope, quality and deliverables.

You can also be assured of working with industry experts having hands-on knowledge of advanced technologies that drives the development of high-end solutions in real-time. With a managed team, you can be very sure of timely delivery and reliable outcomes.

Moreover, there’s no stress of investing in advanced technology or internal overheads. The managed team would be a team of professionals working for your benefit exclusively, but remotely.

Undoubtedly, a managed team empowers innovation and brings in tech-enabled changes cost-effectively. Digital transformation is much needed to scale a business without overheads like professional training, team maintenance, and ancillary expenses, and managed teams are apt for that.

However, the value of a managed team is way beyond expenses.

Benefits of Managed Team Model

Benefits of Managed Team Model

#1: Innovation & Transformation

In this hyper-competitive world, many businesses are falling behind in the sphere of digital transformation. Businesses fail to realize that they are missing out a lot by not investing in digital innovation for enhanced capabilities and business process transformation. With the help of a dedicated team, it is possible to keep up with the pace of digital transformation without encountering operational and functional challenges.

#2: 24/7 Availability

In today’s marketplace, all businesses are expected to be live and active 24/7 to meet customers’ needs. However, are they successful in meeting the requirement?

24/7 availability is an expensive affair when done single-handedly. But when you outsource the task to a managed team, they take care of all development needs. They are focused, and ensure that the designated team handles the task and are available 24/7. They deliver uninterrupted software development outsourcing services.

#3: Improved Scalability

Businesses should be scalable as per needs. However, they may not be able to scale the development process at par with business growth. There could be numerous reasons, such as the inability to acquire the best talent, financial constraints, or management problems.

A managed team model enables scalability as per the requirement of a business. They can scale up and down as and when the company requires. In the case of software development outsourcing, scalability is based on the need of the hour. It does not affect overheads.

#4: Multiple Choices

A managed team gives you multiple choices, including professionals with a specific technical skill set you seek. You can also choose a professional who fits your project requirement. You would be able to interview them, judge them, and then decide.

One dedicated or managed team has multiple specialties and talents. So, when you hire a software development outsourcing team, they can provide you with a diverse range of services. They are more like a one-stop-shop for both expertise and experience.

#5: Flexible Work Schedule

If you are signing a contract with a managed team, make sure it is flexible enough to deliver as per your customer’s requirements. It is important to understand the requirements of your client, which may change abruptly; in such a situation, the managed team should be ready to update the strategy, consider the market trend, and make quick changes.

It demands manoeuvrability to be able to make changes swiftly. Most business development infrastructure may not be able to support that. However, a managed team would cover your business in such a situation.

Want to accelerate growth of your business? Let’s discuss how we can do that for you.

#6: Knowledge Retention

Retaining knowledge has potential benefits for a business. Developmental changes can happen at any stage – as the product development process begins, ideas are generated, technical know-how is awakened, and much knowledge is floating in the air. This is critical for future projects.

It is crucial to gather this type of knowledge during the process of product development. How to do it?

Simply put, update the product repositories and ensure all findings are documented right from the start. A managed team does this with proficiency and utmost care to make sure there’s no gap. Collateral like this is invaluable, especially when you hire a new team member who must learn the ways of handling project requirements.

#7: Cost-efficient Services

Cost-efficiency is one of the most important reasons to choose managed teams. They are not only efficient in delivering cost-efficient product development, but they also ensure less expensive services associated with the project.

The bigger picture of working with a dedicated team is to help your business and maximize the flow of revenue at all levels. When you request a managed team to handle a project, they would understand the project requirement and provide an estimate. It would be a customized model as per your requirement, aligned with the budget of your project. A managed team ensures that their services boost your business process so that you can invest your resources into other strategic parts of the business.

#8: Continuous Integration

With a managed team, your project would go through continuous integration, which is very important to evolve. Teams take great interest to ensure new features are added to the project, and the existing ones are refined to keep up with the changes.

Managed team model is exceptionally useful for projects that should evolve and grow over time. While the team remains intact, the entire project shifts to a different stage without scaling the team or setting up another support team.

#9: Promotes Collaboration

Long-term projects often face a problem with perspectives. As there are too many small elements involved in a project, it is often difficult to comprehend the bigger picture. As a result, the business suffers.

However, with a managed team model, collaboration is at its optimum, both within the development team and between the team and client. This makes long-term project planning more relaxed and efficient. Team members can also invest more time into the project and contribute better to refine workflows, assess the strengths and weaknesses of people, and brainstorm solutions.

A managed team is always collaborating with the client to come up with new ways of solving project-related issues and challenges. Brainstorming sessions between the client and the software team are quite common to achieve visible results and work efficiently.

#10: Better Control

A managed team allows the client to have full control over the process. From team selection to management, the client handles everything.

The client manages a team of highly qualified professionals, competent experts, project managers, resources, equipment, and other infrastructure-based necessities.

#Bonus: Less Risky

Innovation or anything new is risky. This is why businesses stick to their comfort zone of operations and ignore innovation. However, software development outsourcing is now great hope.

If you work with an experienced managed team, you will not face many risks. However, ensure that the managed team has a proven track record of experience in innovation.

Proven Experience = More Expertise in Innovation with Radixweb

A project involves innumerable factors such as market performance, technology application, budget constraints, team handling, and much more. It requires a quick and timely response to ensure everything works as planned, also keeping some room for changes. When you choose software development outsourcing, development turnaround time decreases, and the process is further simplified.

The managed team at Radixweb would always try multiple options, test results, and then choose the best method to deliver the final result. We have a singular focus on all our projects, which allows us to stick together and transform your business altogether.

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Pratik Mistry is a rare mix of technologist and senior business head at Radixweb. His passion lies is in helping companies to grow revenues by delivering top notch software development services and build value-based partnerships. When not driving high-impact go to market strategies, Pratik loves to try new cuisines and going to the movies.