Time & Material Model

Time & Material model is developed for:  long-term and hard to predict the final cost of the projects because the customer’s requirements can vary depending on different factors.

Benefits

  • Tasks implementation on demand
  • Flexible and negotiable budget.
  • Low risk: project development can be changed or canceled at any stage.
  • Possibility to pay in parts.
  • No strictly defined time limits.
  • The project budget is less controlled.
  • The client is highly involved into the development process including the clearance and approval of time-sheets.
  • Minimal time block is 20 hours.

Limitations

 

  • No strictly defined time limits.
  • The project budget is less controlled.
  • The client is highly involved into the development process including the clearance and approval of time-sheets.
  • Minimal time block is 20 hours.

Communication

 

 

Process

 

 

Best fit

  • Projects on maintenance after the end of active development phase
  • Project is hard to predict the final cost of the project and when the customer’s requirements can vary depending on different factors

 


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