Agile or Waterfall - Which Methodology works the best for Fixed Price Projects

by Ranjeet Kumar SEO and Digital Marketer

Agile or Waterfall - Which Methodology Works Best for Fixed Price Projects

Fixed Price Model is a popular model for outsourcing Software development projects and the question which follows is, which is the best development methodology for executing these projects?

The usual reasons why an organisation may want to opt for a Fixed price Model are:

Fixed Budget
Want to Explore the Outsourcing Model - no previous experience of outsourcing

From a vendor’s perspective, Fixed price projects translate into a Fixed and agreed scope. So, a lot of effort goes in defining the project scope, cost and contract terms.

So, the best fit projects for execution under a Fixed price agreement would ideally be small to medium in size, where the project requirements are well defined in advance.

The Waterfall model can be used for executing such a project. Even for very small projects, ideally, the waterfall model should be customized so that the project scope is broken up and delivered to the client in iterations to allow review and feedback during the project execution rather than a big bang delivery at the end of the project. Read full blog here - Agile or Waterfall - Which Methodology works the best for Fixed Price Projects