Time & Material
This is a cost-effective model of operation in which the amount of money you spend corresponds to the amount of work delivered. The client and the vendor agree upon a time-based rate for the allocated resources.
Сhange requirements on the fly
This engagement model offers flexibility to change requirements on the fly, ability to balance project resources and distribute the workload. Quality can be ensured by accompanying the model with experienced and skilled project managers.
Bugs are caught on the early stages of the project
Using this model, bugs are caught on the early stages of the project, the cost is thoroughly estimated with the sequence of iterations under Agile methodology. Furthermore, the client can always make sure that the project meets market needs while validating it before it’s too late to change anything
Time & Material Software development lifecycle
Initial requirements
- Interviewing stakeholders
- Studying documentation
- Research and information gathering
Requirements analysis
- Monetizing strategy
- Technology Stack
- 3rd party tools and integration
- Project plan and deliverables
Necessary alignments
- Allocation of developers
- Process scheduling
Development
- Sprint planning
- Sprint development
Release
- Uploading to production server
- Uploading apps to the store
Dedicated Team
This project model offers an extension of the client’s team with the offshore, nearshore, or onshore vendors’ specialists.
Best specialists
The specialists we provide entirely comply with the existing corporate culture, rules, and the best practices of your company. Moreover, this team shares your company’s technical resources, tools, and methodologies, and recognizes themselves as an important part of the organization.
Required resources at the right time
A variation of this model can be paired with the Time and Material (T&M) elements. Suppose you are sure that you will need a software engineer of a precise qualification category, but you are not sure when and for what period. In such a situation, the vendor will be able to provide you with the required resources at the right time and on favorable T&M terms.
Being the simplest approach, it will work well for a long-standing relationship and long-term projects.
Dedicated Team Software development lifecycle
Booking of team
- Concept analysis
- Requirement Analysis
- Team screening
Contract signing
- Benefits determination
- Confirming cooperation
- Resource allocation
Development
- Coordination & communication
- Requirement discussion
- Planning of deliverables
- Development as per plan
- Testing
Release
- Uploading to production server
- Uploading apps to the store
Support & maintenance
- Performance monitoring
- Bug fixing
- OS updates/revisions
- Solution enhancement
Fixed Price
Fixing the price is about fixing the scope, project requirements, as well as deadlines. This model works because of thorough initial planning, estimation, and analysis sessions.
Predefined and fixed project budget
The main benefit of selecting this particular engagement model is a predefined and fixed project budget, which means you know exactly how much you are going to spend on your product. To have better control over a bigger project, this model can be transformed with a milestones & deliverables approach. A client is billed as each of the agreed milestones are reached and deliverables are in place. After that, another stage with its own milestones and deliverables will begin.
Minimum Viable Product (MVP)
For fixed-price projects, the discovery phase serves as the starting point. Determining the desired outcome, understanding the requirements and the scope should ideally be further transformed into Minimum Viable Product (MVP). Under such a scenario, discovering the project needs is a great remedy for unrealistic expectations.
Fixed Price Software development lifecycle
Pre-sales analysis
- Concept analysis
- Requirement Analysis
- Proposal creation and structuring
Post-sales analysis
- Detailed understanding of concept
- Confirming cooperation
- Resource allocation
Designing
- UI/UX
- Non-functional demo
Development
- Development as per project specification
Testing
- Manual testing
- User acceptance test (UAT)
Release
- Uploading to production server
- Uploading apps to the store
Support & maintenance
- Performance monitoring
- Bug fixing
- OS updates/revisions
- Solution enhancement
Download our PM Expertise Profile
Need help navigating across multiple engagement models? There’s an expert willing to help. All our clients can have a Project Manager on their projects to effectively handle engagement model specifics. Along with that, your PM will be in charge of a bundle of other project-related issues (cost control, deadlines and quality management, project resources, client communication, and more). Read our PM Expertise Profile to see what else you can expect from our PMs to do for you.
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Compare Engagement Options
Each engagement model has its pros and cons. Refer to the below table to know which engagement models suit your project the best.
| Fixed price | Time and Material | Dedicated Team | |
| Predictable budget | + | + (Scrum); - (Kanban) | - |
| Flexible scope | - | + | + |
| Quick start | - | + | + |
| Set timelines | + | + (Scrum); - (Kanban) | - |
| Iterative process | - | + (Scrum); - (Kanban) | - |
| Quick time to market | - | + | + |
| Suitable for MVP | + | + | - |
| Suitable for web development | + | + | + |
| Suitable for large projects | - | + | + |
| Customer involvement in the project | Minimal | Regular | Constant |
| Payment model | Price determined at the start and payable at fixed points in the project | Determined price per unit of work; payment for work done once per iteration (Scrum) or once per week (Kanban) | Monthly payment based on team’s monthly salary + administrative fee |
Why Choose Us?
With our guarantee of transparency, you will eliminate all risk factors and issues from the development process ensuring a predictable development cycle that brings measurable results.
360° Visibility And Control
With our service models, you get daily reporting through multiple communication channels paired with regular demonstrations and progress monitoring and clearly defined KPIs to guarantee effective team performance.
Maximum Team Flexibility
We handpick experts to fit directly with the requirements of your project from a talent pool of the market’s top-tier specialists that are available and ready to deliver their services at a moment’s notice.
Transparency And Predictability
We inject seamless communication and full-visibility into the project at every stage of the cycle with regular reporting on the status of each task and direct access to task, project management services, and information using comprehensive documentation.