Time & Material(T & M) Model

Concept:

As the name suggests the customer will be charged based on resource utilization during the project time span.

Time & Material Model

Applicability:

Time and Material Web Development pricing model works the best for projects which are of medium to large scale and longer in duration and where the project specifications gets evolved as the time progresses. This model is also applied for the maintenance and support projects.

Within this model,we gives customer greater flexibility in terms of developing the project specification on an ongoing basis and modifying the specifications based on the changing market needs.

Approach:

This model has a start point from various stages viz. pre-specification, post specification, post architectural design etc. A comprehensive scenario will involve problem definition, solution definition, research, business analysis, specifications, visual mapping, architectural design, documentation, coding, change management, testing, roll out and support.

The effort estimation for all the elements for all stages at the beginning of the project is usually involved and complex. You and AI prioritize and scope each element.The implementation of each element is embarked upon with a provision for change management and assumption updates.The effort is charged on a pre-agreed rate (hourly, weekly, monthly) basis whichever is most convenient to the customers need.Also, you hold the flexibility to change the model as and when you want in mutual consent.

Benefits with T&M Model..

Flexibility in revising your application in the course of its execution.
Optimizing the costs and timelines.
Our experts define realistic pattern for your advantage.
Unique model tailored to your requirements.
Increase or reduce resources and pay for the specific work done.
Effective communication ensures smooth workflow.
Regular work reports facilitate.

Time & Material Model is an attractive option if you have complex and high level projects where the project specifications evolve as the implementation progresses.

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