What is Turn-Key project?

TurnKey is a term used in many industries, it brings mainly the same idea everywhere. The post here focuses on technology / IT industry only.

A TurnKey project in technology industry, commonly describe pre-built computer "packages" in which everything needed to perform certain type of task is put together by the supplier / vendor and sold in bundle. This often includes computer with pre-installed software, various types of hardware, and accessories. Turnkey products are synonymous to "off-the-shelf" solutions and not customized.

A TurnKey Project Outsourcing models are beneficial to the customers with fixed scope and cost. This model works fine for customers who:

• want the vendor to manage technology and resource based risks.
• focus on outcome rather than means.
• focus on their core competence.
• creative start-ups looking for a vendor to bring their vision to reality.

Value proposition of TurnKey Project Outsourcing:

• complete control over scope, time to delivery and cost.
• project and resource management becomes vendor management.
• streamlines project management and coordination.
• regular reporting and transparent status monitoring.
• accountability through water tight service level agreement.