The Benefits of Being Agile in Product Development
Rapid response to changing consumer behaviors
Trends come and go. What was once a lucrative idea for an application, can become irrelevant in a matter of months. The most recent example is how Covid-19 has influenced many areas of living and consumer behavior, e.g., the increase in the use of digital tools.
In T&M contracts, you approach the scope for your product’s features agilely. For example, if halfway into the development you want to include a feature that engages your target audience, it’s easier to implement it.
In T&M, the vendor’s team is almost like your internal staff. You communicate daily, and the team shares status updates.
Daily communication helps talk over any issues or ideas that might crop up. When there’s an opportunity to look for alternative solutions that can cut the development time or otherwise add value to the product, swift communication is key to fast implementation.
Real-time developer suggestions
This one ties in with communication. As the team works on the product, they know it inside out. They can suggest simpler ways to achieve a given goal. Also, when a better solution or a library appears on the market during development, the team gains additional means to decrease development time.
Transparency into development
In agile products with a flexible scope, you’re a part of the project. That said, you can check the progress of your app via project management platforms or move a step forward and ask for a CI/CD approach to see how your app evolves daily.
Whenever you spot an issue, just communicate it to your team so that they can deal with it comprehensively. When the software agency deals with issues poorly or delivers low-quality solutions, you can end the contract before losing any more money.
Financial stability of your partner
T&M contracts ensure cash flow and keep the software agency healthy. It’s the foundation for business continuity that promotes long-lasting partnerships.
Quality guaranteed with senior developers
When you work in a T&M contract, there's no economically driven reason to exchange the team for less experienced and therefore cut the provider's service cost. You can verify the quality of the code during two-week demo releases, where you check how the product works. Whenever you feel the product underperforms, you can react and, for example, strengthen the team.
Less stress for the development team
With good and frequent communication where the development team acts as a partner who can suggest solutions and features based on their experience, the team becomes more invested in the project. Developers feel they’re doing the right things and doing things right.
Positive relationship dynamics encourage the team to suggest solutions that cut implementation time or improve the product. The team is focused on quality development instead of a fast release to get the buffer.