What are the key advantages of the fixed-price model?
The fixed-price model offers several key advantages in software development projects. It provides budget predictability, as the cost is predetermined and does not change throughout the project. It allows for better planning and resource allocation, ensuring that the project stays on track and within the agreed timeframe. The fixed price also incentivizes the development team to focus on efficiency and productivity. Additionally, this model provides clarity in terms of project scope, requirements, and deliverables. It helps in mitigating risks and provides a clear understanding of the client’s expectations.
September 13, 2023