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How To Execute Fixed Price Agile Projects

Agile methodology - we all are well aware about this mindset and culture. Agile approaches focus more on individual and interaction. One of the well driven principles of Agile methodology is “changing requirements, even late in the development.”

Agile methodology gives you the vision to move quickly and easily in your development tasks. Here in this article, we are going to discussed Scrum a good choice to successfully execute fixed price Agile projects.

What is a fixed price project in Agile?

It is a self-explanatory term. Here in software development, organizations must look for planning, strategizing, and inherent control on the way they execute the processes. Organizations always want to be clear about the what; whys; whens; wheres, and hows of any software development project.

A fixed price Agile project involves:

  • Fixed-cost
  • Fixed-time
  • Fixed-scope

Major challenges in the seamless execution of fixed bid Agile projects

  • Lack of clarity on Product Backlog Items (PBIs)
  • New changes in the middle of the project
  • Lack of accountability
  • Lack of enterprise engagement during the development process
  • Ignorance regarding agile methodologies

Overcoming challenges in the seamless execution of fixed price agile projects

  • Creating clearly defined fixed price contracts in agile
  • Openness to redefine the idea of scope in fixed price agile projects
  • Exploiting MoSCoW method
  • Organizing workshops with the clients for clear communication
  • Encouraging active client participation
  • Team training
  • Team collaboration

So, here we share the details about How to execute fixed price agile projects. If you want to know more about this points in more detail and want to learn more about the Execute fixed price agile projects, just jump to our original blog.

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