What is a time & material team model?
A time & material team model is a flexible approach to software development where a client pays for the actual time and resources utilized by the development team. This model is suitable for projects with evolving requirements or limited initial specifications. Instead of a fixed scope and budget, the client is billed based on the number of hours spent by the team and the cost of resources used. This model offers transparency, as clients can track progress and have control over project priorities. It allows for adaptability to changing requirements and provides a higher level of collaboration between the team and the client.
September 13, 2023