Client Speaks
Great Work. Done to expectations!!! Looking forward to work with the AMSTECH team again. Thanks
Barbaros Yoruker
Xn--telefonaksesuarlar-v0c.com
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Fixed Price Model
Concept
Here, the emphasis is on Time and Money. As a client, one knows how much it is going to cost and how soon the project will be delivered. Predictability and assurance is the hallmark of this model.In this model the client and AMSTECH agree to a fixed price and timeline for a project right at the start. This is a popular engagement model which clients feel comfortable dealing with as it gives them a budget and timeline which is fixed. AMSTECH has perfected this model and is adept at delivering high quality solutions in time and within budget.Applicability
This model is ideally suited for developing known and well understood solutions with relatively low to medium levels of complexity. This model is most well suited for projects that have clear specification documents and has sufficient amount of details so that all risks are identified and all assumptions are explicit. These type of projects typically leave little scope for changes during project execution. This model's success hinges on active cooperation of the client. It is assumed that the client will provide timely and relevant feedback and decisions.
Process
The client will provide detailed specifications document to AMSTECH. AMSTECH will review the specifications and ensure that all assumptions, details are made explicit. AMSTECH will prepare an effort estimate and propose a fixed price and fixed time line for project execution. AMSTECH will also highlight the possible scope creeps and possible risks during the execution phase.The client and AMSTECH will enter into an agreement that covers visual aspects, documentation, application design, testing, support period, change management, communication protocols, milestones, time lines and commercial details. The project will be executed as per the agreement.
Advantages
As the name suggests everything is fixed in this model. There is limited risk to both parties as the scope, price and time lines are fixed. The advantage of this model is the limited risk that it offers to the stakeholders. This risk reduction is however based on the quality effort that precedes the agreement phase. The higher the detailing, lower are the surprises.There will be minimal scope to implement any new ideas or new requirements during the execution of the project. The application will be designed based on mutually agreed specifications. This obviously limits the changes that can be included during the execution of the project. This is a good model for all projects where the specifications are clear and well documented with all aspects of estimation and change management mutually agreed upon.
