Corporate

This area of Virtual Project is a resource for investors, shareholders and people interested in the comercial side of Virtual Project.

Growth stage

Virtual Project is currently in a start-up stage of growth, come from an innovative period of 2 years research and development to now a "challenger" tool in the IT Project Management market.

News

Virtual Project goes Open Source A decision met by many with positive feedback. This has been a long awaited milestone. please read more on the articles page.

Benefits

Because Virtual Project is in an uncertain growth stage and has just come to the end of a R&D lifecycle, it offers a dynamic, diverse addition to any investors portfolio. While this is a high risk industry, VP maintains it has an advantage by being able to offer a unique service and product combination to customers in the systems development life cycle.
Some of the key factors for Virtual Project as it moves forward

Global market
Tecnology/ emerging market
Low marketing costs, mostly "word of mouth"/Internet Forums
Untapped NZ market

Business & sales model

VP's business model is very basic and has two main areas:

Corporate technology
Advertising/Media

Corporate technology

In this area of the model, the basic structure is providing corporate and technology customers (key clients) with highly availability and security in web based services. Customers are approached individually by networks of VP associates and sales staff.

A target to acheive a sale within 3 months of initial contact is one of the most demanding in the industry and is only acheived by implementation of sales and marketing structures that ensure only customers in demand are approached. If they do not see the advantages and a way forward at any particular point in the sales process they are invited to trial the software for 30 days. This ensures that prospects who are not convinced will start using the software and see the benefits for their organisation.

Advertising/Media

This is a more dynamic model, where there are a large group of organisations or individual consultants who use the service on a free, limited basis. Advertising is done by the following means:

Recruitment: Organisations within any of the above areas have access to a job posting tool that allows them to notify all Virtual Project customers of current work. The rates are constantly adjusted to match that of other Internet advertisers (e.g. Seek/Trademe)
Services advertising:Organisations wanting to advertise their services/products only in applicable industries. The reason for limiting the industry is to ensure that organisations gain maximum benefit from their advertising which is completely targeted to Technology/Corporate
NewsA discounted news service for organisations to post news.

Some facts

VP currently has over 300 hosted users (as at October 2006)
Currently over 3000 non-commercial downloads, in the technology industry

-need to compile research results of : -news, recruitment