Fixed Cost / Fixed Time

The Projects where the requirements are fixed and changes to the scope of the project are not allowed are advised to be worked upon under this model i.e. The scope of work is frozen (with some assumptions) and so is the time and cost to deliver.

This engagement model is ideal for small or medium sized projects as under this low-risk model we work with clients to define expected deliverables and timelines to determine a mutually agreed fixed price. As it happens when the idea is shaped on paper from mind, it is bound to happen that details unearthed during the process of negotiations leads to change in requirements.

Post analysis and healthy debates, the exact features and functionalities that are to be included in the project are finalized and based on the requirements, a time and cost estimate is made. The work on the project begins after the cost and timelines have been approved by the client. The project is delivered to the client on the basis of the delivery milestones agreed upon.

Our refined process guarantees reliability, predictability and optimized performance of the projects and assures on-time and on-budget outcomes.

In fixed cost and time based projects changes in project scope or requirements, during the development process, are handled through a change control mechanism. The changes are scoped out and any changes to the project cost and timelines as a result of the change request and conveyed to the client.

The total cost and timeline of the development is agreed prior to the start of the project. Then we select the most suitable development team, technologies and management resources to accomplish the project as agreed. Any new features or major changes later on are discussed and quoted separately. As the projects specs and deliverables are clearly defined prior to the project start, this model guarantees on-time, on-budget delivery of projects.

At ECTL, we ensure that we deliver a quality product within the specified time-frame. The risk associated with fixed costs projects is relatively low as the project scope and timelines are fixed at the start of the project.

Working Methodology

Largely for fixed cost projects we follow the Web Development Methodology. Be it the industry tested web development methodology, or the efficient agile development framework, or even the expansive full time equivalents approach; ECTL has perfected these processes to ensure world class quality, security and delivery of web projects.

In delivering solutions we ensure that clients kept actively involved and regularly updated on the project progress. At the onset of the project, clear communication channels are established. Transparent communication, strong planning and an in-depth understanding of the project requirements go a long way in ensuring that we succeed in all our endeavors.

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ecare Technology Labs Pvt. Ltd.
BR Complex,2nd Floor,27-28, Woods Road,Chennai,Tamilnadu , 600 002.
Phone: 044 4242 8888
http://www.ecaretechlabs.com/

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