Fix-Price Project

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Definition

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).

In short:

  1. Nail a deadline – and don’t move it, ever!
  2. Nail a budget – forget renegotiation.
  3. 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.

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External Resources

Humor

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