An Agile Fix-Price Project is a variant of the traditional offer at a fix price, which takes Agile development practice into account. The approach typically fixes time constraints and budget while leaving the amount of features open (thus allowing change).
- Nail a deadline – and don’t move it, ever!
- Nail a budget – forget renegotiation.
- Prioritize the feature list – leave it up to the (development) team how many of the features can be implemented and fully tested before we hit the deadline.