1. Time&Material
The project is divided into tasks, each of which the team evaluates separately, so you have the opportunity to make any additions in the course of the work. When the task is completed and you have a visible result, you pay the team (payment can take place immediately after the sprint, monthly, quarterly, etc.). – as you like). This model is ideal for MVPs or projects that may change depending on the market. Project release and testing occurs at the end of each phase.
Flexibility of implementation
It is possible to make changes to the terms of reference during the project
Startup urgency
You can start without a complex terms of reference and a complete project
Convenience of interaction
The customer and the project manager are deeply involved in the implementation process
Cost optimization
The cost of the project changes both up and down as changes are made to the implementation plan
Transparency of work
Payment is made after the fact for specific work performed