Disclosed are a light source module (1) and a lamp (2) with the light source module. The light source module (1) comprises a substrate (10) and a light source assembly (20). The light source assembly (20) comprises a light-emitting source (21), which is provided on the substrate (10) and comprises a three-primary-color light source (211) and at least one color temperature adjustable light source (212). In addition, the color temperature adjustable light sources (212) are respectively provided on the periphery of the three-primary-color light source (211), such that the three-primary-color light source (211) and the color temperature adjustable light sources (212) can emit various light sources in a combination manner. It further disclosed a lamp (2) with the light source module (1).