Fixed Price & Budget Model

Fixed Budget

The fixed price model is perfect for small and medium scope projects, where requirements, specifications and schedules can be clearly

MindMade Technologies

Fixed Budget

The Fixed Budget Model is an ideal variant in case a client has determined the specifications of his project clearly. At this point we analyze client’s requirements in order to estimate the cost of the project, its delivery date and workout a detailed plan of project completion.

ADVANTAGES

  • Fixed budget: buyer has predictability of his costs

  • Well-defined time limits

  • Exact development plan and technical documentation

CAUTIONS

  • Requirements must be defined before the project starts

  • Additional requests are paid over budget

  • Resources are managed by the project manager and they may vary depending on the conditions

Best solution

Such a model is used when the customer does not want to delve into the technical details of the project and plans to get a ready-made solution within the determined project budget and timeline.

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