Understanding time and material dor oftware development

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Software development engagement series - 1
Understanding Time and Material engagement for
software development
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Presentation Contents

• Definition
• When to use
• Project approach
• The cost / fee
• Reach us

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The Definition

• Time and Material

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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.

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When to use

• Time and Material

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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.

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Control Vs. Savings under time and material for
high tenure projects
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Project Approach

• Time and Material

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

• Time and Material

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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

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Still cant decide on an engagement model ?

• iBoss can help

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Thank You
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