Title: Understanding time and material dor oftware development
1Software development engagement series - 1
Understanding Time and Material engagement for
software development
2Presentation Contents
- Definition
- When to use
- Project approach
- The cost / fee
- Reach us
3The Definition
4Defining 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.
5When to use
6When 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.
7Control Vs. Savings under time and material for
high tenure projects
8Project Approach
9Time and Material Project Approach
(21 days)
10Cost / Fee
11Cost 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
12Still cant decide on an engagement model ?
13Thank You
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