In this approach Feathersoft sets firm prices and time lines based on the system requirements and specifications document or a study of the existing system. The development process is streamlined as per this plan mutually discussed and agreed with the client initially. The cost of the project depends on the total execution time of the project and the number of resources deployed for it. This model is useful where the client is unsure of the execution time required for the project and when the requirements are quite complex or prone to changes time and time again. This engagement model provides greater flexibility when developing a product or specification on a regular basis and making the changes based on the changing market needs. The major benefits in choosing this model are - Provision for strong business analysis, market research and project management. This model provides business solutions for complex business problems, utilizing various skills and tools. Ensures tangible benefits and measurable results for assessment of the project.
Fixed cost pricing is a low risk option, which one can initiate when there is clarity in the scope of the project, its requirements and end result. We offer project-based pricing in domains wherein we have the required expertise and defined estimation tools to determine the resource commitments. This model ensures reliability and predictability. Feathersoft promises to deliver optimized performance of these projects on time and within the specified budget. The major benefits in choosing this model are - The scope and cost is fixed and known at the outset hence everything is clearly spelled out and agreed upon beforehand. Risk to both parties is very less along with scope. Risk reduction is because of the amount of effort that precedes the agreement phase.