Time & Material Model
Cyberlinks follows Time and Material Model for the projects where scope, specifications, and implementation plans are not clearly defined at the initial stage of its development. This model enables the client to change the specifications based on the upcoming market trends.
Time and Material Model is suitable for the scalable projects where the team size and total efforts can not be estimated in advance. It provides the flexibility to manage the team size and total efforts.
This model follows a strict project management and reporting practices where task sheets are generated on a daily / weekly basis for each person working on the project. Under this Model, we work hand in hand with our client for the execution of end-to-end project. We follow SCRUM (An agile development methodology) to develop the projects following Time and Material Model. In this methodology, we plan a phase/sprint that consists of certain tasks to be done in accordance with the client's priority and deliver it in a defined time line. After completing this phase, we plan another phase/sprint for another task in the priority list. The time line for a phase/sprint varies from 15 days to one month depending upon the overall project size.
To get the Time and Material Model, the client needs to specify the task and period of time for the project. Based on this, we specify the rates (hourly fee) charged for the efforts of the resources to the client. Once the client is satisfied with our rates, we sign a contract with him.
The cost of the project depends on the team size and the efforts of each team member. The payment for the provided efforts is usually made on the basis of monthly or bi-weekly invoice issued to the client depending on the effort reports. Under this model, the payment is done in advance just as in case of Dedicated Resource Model. The only difference is that we charge advance for a full month in Dedicated Resource Model whereas In Time and Material Model, payment schedule depends upon the duration of the phase.