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Importance of Prototype in outsourcing Projects

One of the most effective and profitable business models used in recent times is Outsourcing. Projects are extensively outsourced for the quality and cost-effectiveness that this approach is capable of offering. There are a number of project development models that different companies use depending upon their client’s requirements. Every project is different and need a different approach to be handled. Especially, new business project needs to be taken care of with great care. That is why it is important to analyses the business requirements before going ahead with development. Analyzing business requirements helps in defining scope of the project as well as in determining what problems can be faced during the project development stage and what possible solutions can be used to address them. Therefore, most popular model amongst all the available options is the Prototype Model. The Prototype Model is used for development of projects for which the requirements are not explicitly declared or are not sure. In such scenarios, a prototype is developed and shown to ensure that development is advancing in the right direction. The prototype is then built upon, and the output of every stage of development is a product, which is a step closer to the final product. Prototype Model is suited for projects with an unclear requirement sets it ensure that the project is completed to the best of the company’s ability and capacity. The key elements of the process followed for the prototype approach of development and how it is important for projects are discussed in the sections that follow. Following a Well-Defined Process There are a number of models and process...