Projects are deemed as fixed cost projects, when the budget and timeline are fixed. This engagement model is ideal for small or medium sized projects, wherein the requirements are fixed and not likely to change during the development process. The engagement model is commonly used for projects wherein the end-user is the buyer of the product or the nature of task is associated to a small part of a module.

Before the start of the project, our team works closely with the client, in order to understand the process of the application and the scope of the project i.e. the exact features and functionalities that are to be included in the project. Based on the requirements, a time and cost estimate are made. The work on the project commences, when the client approves the timeline and cost for the project.

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

At Shakti Informatics Pvt. Ltd., we ensure that we deliver the project in specified time-frame, with a quality solution. The risk associated with fixed costs projects are relatively low, as the project scope and timelines are determined and fixed at the start of the project.