Time and Material
This model can be adopted at any phase of the project such as, post-specification, pre-specification, post-architectural design, etc. and can involve problem definition, solution definition, research, business analysis, specifications, architectural design, documentation, coding, change management, testing, roll out and maintenance & support.
The model initiates with the identification of Client’s requirements in terms of project volume, complexity, technology and infrastructure which is followed by SLA (Service Level Agreements) in order to define team composition as well as working methodology. The resource skills and roles matrix defines the costing.