Understanding time and material dor oftware development

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Understanding time and material dor oftware development

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When the software application development project scope, specification and implementation plans cannot be precisely defined at the outset or requirements change dynamically during the project implementation process, the time & material model provides the flexibility of varying the size and workloads of the software development team assigned to your project, while optimizing time and costs. Under the time & material option, iBoss Tech Solutions provides for skilled resources and the development effort is billed at the end of every month based on the pre-negotiated and a mutually agreed hourly rate. This engagement can go from a few months to several years. – PowerPoint PPT presentation

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Title: Understanding time and material dor oftware development


1
Software development engagement series - 1
Understanding Time and Material engagement for
software development
2
Presentation Contents
  • Definition
  • When to use
  • Project approach
  • The cost / fee
  • Reach us

3
The Definition
  • Time and Material

4
Defining Time and Material
  • When the software application development project
    scope, specification and implementation plans
    cannot be precisely defined at the outset or
    requirements change dynamically during the
    project implementation process, the time
    material model provides the flexibility of
    varying the size and workloads of the software
    development team assigned to your project, while
    optimizing time and costs. Under the time
    material option, iBoss Tech Solutions provides
    for skilled resources and the development effort
    is billed at the end of every month based on the
    pre-negotiated and a mutually agreed hourly rate.
    This engagement can go from a few months to
    several years.
  • The total project cost is determined by the
    amount of time and resources expended and the
    actual effort towards the development.

5
When to use
  • Time and Material

6
When to use Time and Material engagement ?
  • When your requirements are not clear.
  • When the projects are spread over several months
    to several years.
  • When you require high degree of flexibility.
  • When you want the project processes to be
    tailored to your requirement.
  • When you want the resources to be controlled
    directly.
  • When you want simplicity and want to avoid the
    complexity that always creeps into large software
    projects.
  • When you want dedicated team.

7
Control Vs. Savings under time and material for
high tenure projects
8
Project Approach
  • Time and Material

9
Time and Material Project Approach
(21 days)
10
Cost / Fee
  • Time and Material

11
Cost of software development on Time and Material
  • If you wish to go for this engagement, we would
    finalize on a fixed hourly rate that falls
    between USD 15 and 20 per hour and quote the same
    to you after going through the source code and
    analyzing skills required for the dedicated
    developers.
  • The commitment we expect under this model needs
    to be a minimum period of 6 months.
  • Expect minimum 3 resources to work under this
    model

12
Still cant decide on an engagement model ?
  • iBoss can help

13
Thank You
We're easy to talk to - tell us what you need.
iBoss Tech Solutions Pvt. Ltd. India Office
B-59, 1st Floor, Sector -63 Noida 201301 USA
Office 6916, Castle Peak Drive, West Hills, CA
91307
Email enquiry_at_ibosstechsolutions.com Phone
91-120-3937314 US Phone 1-818-337-4553 UK
Phone 44 - 208-819-9751 Mobile
91-9818857875 / 91-9810157105 Fax
91-120-3937308 Website www.ibosstechsolutions.c
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