Time and Material Plus VS ScheduleReader

• Flexible Budget
  Time and Material Plus allows for flexibility in budget management, adjusting to changing project requirements and scope.
• Project Transparency
  Clients can get detailed accounts of the time and resources spent on their projects, ensuring transparency and trust.
• Adaptability
  The model adapts to project changes, making it easier to handle modifications and iterations during the development process.
• Quality Focus
  Since the payment is based on time and resources, there's a higher focus on delivering quality work without rushing to meet fixed deadlines.
• Client Involvement
  Frequent client collaboration and feedback are encouraged, leading to a product that closely matches client expectations.

Possible disadvantages

• Unpredictable Costs
  The final project cost can be hard to predict, which might be a concern for clients with strict budget constraints.
• Time Management
  Poor time management can lead to extended project durations and increased costs, requiring effective oversight.
• Administrative Overheads
  Tracking time and material can add administrative overhead, requiring accurate documentation and monitoring.
• Client Dependency
  The model relies heavily on client input and approvals, which can lead to delays if the client is not responsive or has other priorities.
• Potential for Scope Creep
  Without clear boundaries, there is a risk of scope creep, which can increase costs and extend timelines.

• Activity Insights
  Overview of open project activities and detailed insights through Gantt Chart and different views.
• Supported Views
  Activities, WBS, Assignments, Resource, Project, OBS, Roles, Progress Update, Linear Scheduling and Reports view supported.
• Trace Logic
  Detailed analysis with focus on viewing predecessor/successor relationships.
• Baselines
  Compare up to 4 project versions and analyse the project progress.
• Resource Usage Profile View
  Analyse resource allocation through graphical presentation of Cost and Units using the Resource Usage Profile option.
• Financial Periods
  See how resources are spent over the predefined period and make re-allocation or adjustment if necessary.
• Assignments View
  Track your resource costs and optimize their allocation.
• Progress Update
  Propose assignment and activity feedback to superiors.
• Share Reports
  Communicate different project information with project stakeholders.
• Share Layouts
  Import and export layouts and share them with your team to align working in the same view.
• Predefined Reports
  Generate graphical reports from your project schedule data using the predefined report templates.
• Custom Reports
  Customize your reports and only display the project data and KPIs you need.
• Import/Export
  Share your reports with all project stakeholders.
• Custom Layouts
  Create your own layouts, import custom .plf layouts and modify them and create your preferred work environment.
• Custom Filters / Groups
  Create your unique data filters and groups and secure quick access to needed data.
• Custom Bars
  Customize the look and content of all Bars.
• Earned Value Analysis
  This feature helps project controls and managers to measure and track the progress and performance of their projects.

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How to customize the project's timescale in ScheduleReader

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