Time Model – Listing

Posted on 11.Sep 2014 at 9:21 am by admin comments.

 

 Pros and Cons of Time and Material Model

  • This model is very effective if there are too many unknowns in a project or work.
  • This model also enables the client to quickly increase and decrease project teams as per requirements and budgets.
  • It is the model of choice for the initial phase of new development projects
    Cons of Time and Material Model
  • Client needs to set aside management hours for controlling and tracking vendor resources, including the approval and clearance of timesheets.
  • It is often difficult to provide accurate budget estimates since there would not be any limits on the hours of utilization.
  • Vendor managers will not take responsibility of deliverables and management of stakeholder expectations.
0
0

0
0
0

Join Our Newsletter