Man Hour-Based Project Cost – When Effective Estimation is Difficult
Hourly Cost Model
This model is suitable for clients who want to play a significant role in the project development process. As the model name suggests, the pricing is determined based on the man hours required to complete the project i.e. hourly charging. When the specification of project, scope of work and implementation of project plan cannot be effectively estimated during the initial phase, T & M model is the best option to choose and proceed with the development.