Get Agile Fixed Price Projects Part 1:

Unlike waterfall development, agile projects have a fixed schedule and resources while the scope varies. While the scope of a project might change in agile development, teams commit to fixed iterations of work: sprints if you're using a scrum framework and WIP limits if you're using a kanban framework.

The short answer is yes, by embracing an agile approach using Scrum to deliver value early and quickly. First off, it's a misconception that any project can fulfil all of the requirements within an agreed upfront timeframe and budget.

Yes… It works!! The above steps during the Discovery Phase help in getting visibility into the requirements to derive estimates and also commit to the Fixed Price contract. While adopting Agile for Fixed Price contract, the Scrum Master needs to make sure that these requirements do not change very frequently.

“Using an Agile approach is not an excuse to throw out timelines, scope, or budget. With discipline and structure in place and a focus on delivering customer value, Agile can be used to deliver a fixed bid project successfully as long as the project execution is flexible.

Agile can actually become a boon for fixed price projects, as cost and date are fixed but the scope is subject to variations. The burden is on the team to make sure requirements are properly prioritized and organized.

The first value in the Agile Manifesto is “Individuals and interactions over processes and tools.” Valuing people more highly than processes or tools is easy to understand because it is the people who respond to business needs and drive the development process.

1. Vision. The Vision provides a top-level view of the ultimate objective for the business.

Agile project management methodology is commonly used for software development projects. It has greater adaptability to frequently changing scope. As a consequence, agile project management uses iterative or phased planning and continuous integration throughout the life of the project.