Pros and Cons of Time and Material Model

  • This model is very effective if there are too many unknowns in a project.
  • 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 time-sheets.
  • 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.

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