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Questions tagged [fixed-price]

For questions about managing projects, that have fixed-price contracts within.

7
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6answers
1k views

PM techniques/tools for fixed-price 6 month client project

I am looking for project management techniques and tools to help with the following situation. (P.S. I know this question is technically off-topic but I felt Revisiting Tool Recommendation Questions ...
0
votes
1answer
26 views

Estimating Fixed Price Project Cost Payments via Monthly Milestones

I have spent the last few days searching for an answer on how to use MS Project (2010 in my case) to estimate a project's cost via milestones that are split along a long program (2.5 years). The ...
1
vote
2answers
98 views

Estimating and Project budgets

I'd be interested to hear how you manage dealing with project budgets when having to provide a fixed cost up front for the customer ahead of starting the work? For context, and without giving too ...
3
votes
1answer
108 views

Conversion from complexity estimation to actual costs

We do Scrum - therefore we do not estimate hours or workdays, but estimate complexity (Story Points). As our customers mostly want to know what a feature might cost, we somehow have to do a ...
6
votes
5answers
110 views

How to manage consulting resources to deliver ahead of delivery dates?

I am a PM for a large matrix enterprise organization that has internal development resources as well as contracted consulting groups. Depending on the project we may need to engage an application team ...
0
votes
1answer
72 views

Sub contractors changing the invoicing agreement

I am very often finding myself in situations where the sub contractor at the end of the project is asking for more money. This is despite clearly agreeing to a fixed price at the start of the project....
6
votes
4answers
368 views

How to leverage Agile development benefits in a fixed-cost project?

I recently joined a company that has started moving towards "more agile" development. I've already been product owner for an internal software project and that worked reasonably well as far as I can ...
5
votes
2answers
382 views

What are Acceptable SLoC Rates?

This is not a question regarding the quality of the SLoC metric. I accept it as a limited, inaccurate, or even poor metric. That said, I am looking for data that indicates what reasonable rates ...
1
vote
3answers
118 views

FixedPrice but customer wants all risks are handled by their side

Here is an interesting situation we have been put in. We developed a proposal that includes deliverables, work packages and their estimates, risks etc. Also we planned some contingency for risky ...
20
votes
8answers
10k views

How to apply Scrum in fixed date, fixed budget project?

Considering that we work on a project with fixed deadlines and fixed budget and we use Scrum: what are best practices we should use to make this setup successful? Since Scrum wasn't directly designed ...
4
votes
4answers
330 views

The Case for Hourly Estimates

My boss has always operated on fixed pricing projects; where we rarely see a profit on. I'm on board with selling our clients hourly rates on large projects. We have yet to get a client willing to ...
5
votes
2answers
136 views

What will be the standard increase of price from a Time and Material to a Fixed Price?

Knowing there are pros and cons for each type of procurement contracts. I am trying to find the real price % increase from a time and material contract with specific scope to a fixed price. As an ...