Perform a Technical Design Sprint
Before a team starts building software, it is important that you work with your outsourced software development team to get on the same page. There is no way to identify every roadblock or change of circumstances ahead of time, but if everyone is on the same page with the goal of the project, that will greatly de-risk a project. In addition to this, the team can then make some prototypes and research which technologies you’ll need to use over the course of the project to help solidify the requirements.
Is There Ever a Time for Fixed-Fee Software Contracts?
The answer to this question is yes and no. If you a building out a solution and actively defining the workflows, user experience, main value proposition, etc…, then a fixed-fee contract will not meet your needs. However, if you simply need ongoing support, regular maintenance, or minor tweaks to workflows that do not redefine the user experience, then a fixed-fee contract is ideal for you.
Building and maintaining software can be expensive, and there are many variables for you to consider. When you need to build new software, it is best to start out with a Technical Design Sprint so that you have an idea of how much certain features will cost under ideal conditions.
During the software development process, you’re going to learn a lot about what you actually need the software to do. You will need to make tradeoffs to get the most important features built within your budget. It’s best to do this with a time and materials contract where we work with you daily to ensure we are meeting your goals rather than a fixed-fee contract that will likely leave you unhappy with the end result.