A time & material team model is a widely used approach in software development where the client pays for the actual time and materials used by the development team.
When using the time & material team model, the client and the software development company work together to determine the project’s scope, objectives, and timeline. However, instead of having a fixed scope and budget, the client is billed based on the number of hours spent by the development team and the cost of resources used.
This model is particularly advantageous when a project’s requirements are not fully defined at the outset or when they are subject to change. It allows for greater flexibility, as the client can adapt and refine their requirements as the project progresses. Additionally, the time & material team model works well when there are limited initial specifications or when the project’s scope may evolve over time.
One of the key benefits of using a time & material team model is its transparency. The client has visibility into the progress of the project, as they can track the hours spent by the development team and the resources utilized. This transparency helps build trust and fosters a collaborative relationship between the client and the development team.
Moreover, the time & material team model enables the client to have control over project priorities. They can adjust the team’s focus and allocate resources based on changing needs or emerging requirements. This level of adaptability is particularly valuable in dynamic and evolving projects.
It’s important to note that the time & material team model requires open communication and trust between the client and the development team. The client needs to actively participate in the project and provide continuous feedback to ensure that the team’s efforts are aligned with their expectations.