Though the goals are perticular to the client, the general overarching scheme is - as follows:
- Inception, where we familiarize ourselves with the problems we will be solving. We cover the cost of this phase.
- Problem Formalization, where we translate the definition of the problem from a formal business to R&D process verbiage.
We cover the cost of this phase.
- Feasibility Study, where we examine the ability of the team to solve the problem. We cover the cost of this phase.
- Preliminary Planning, where we define the schematic of the project plan and the budget. This is the last phase we cover the cost of and this is the first phase that contains deliverables. The deliverables of this phase include a rough sketch of the project plan, including budget and duration of the project.
- Detailed Requirement Gathering, where we produce detailed R&D specifications. This is first phase that includes a cost to the client. The deliverable of this phase is a detailed ERD that can be handed over to another R&D organization for execution if necessary.
- R&D planning, where we produce a Statement of Work that gives a preliminary weekly project and budget breakdown.
- Project Execution, where the project's goals are executed one after another.
- Each deliverable is gathered and handed to the client, a detailed report is provided and an invoice is sent to the client. Upon signing the contract we collect a retainer that we use as a security deposit and to cover up-front project-related expenses.