Software development engagement series - 1 Understanding Time and Material engagement for software development
Presentation Contents • Definition • When to use • Project approach • The cost / fee • Reach us
The Definition Time and Material
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.
When to use Time and Material
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.
Time and Material Savings • Fixed Bid Control Control Vs. Savings under time and material for high tenure projects
Project Approach Time and Material
Start Up Execution Onsite Exposure Pre-Start Up • Understand your Requirements • Identify Goals • Determine Infrastructure requirements • Determine Resource Requirements • Negotiation • Contract Sign-up • Candidate Search • Pre-screening • Final interviews • Finalized Team • Infrastructure Set-up • Process Set-up • Onsite Training • Understand Application Steady State Knowledge Transfer • Development Activity • Project Communication • Reporting and Status • Management and Support Time and Material Project Approach (21 days)
Cost / Fee Time and Material
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
Still can’t decide on an engagement model ? iBoss can help
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