The fixed price model is perfect for small and medium scope projects, where requirements, specifications and schedules can be clearly
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.
Fixed budget: buyer has predictability of his costs
Well-defined time limits
Exact development plan and technical documentation
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
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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