cost-factor

Cost plays a crucial role in choosing an engagement model for software development projects. It affects the overall budget, resource allocation, and project deliverables. Different engagement models have diverse cost implications, such as Fixed Price, Time and Material, and Dedicated Team. Each model has its pros and cons in terms of predictability, flexibility, and control over the development process. The cost factor also depends on project complexity, scope, and duration. Moreover, considering the long-term benefits and return on investment (ROI) is vital. One must carefully evaluate the cost aspect in aligning it with the project requirements, business goals, and available resources.