Fixed Price Agile Contracts

In this podcast, Murray and Shane talk about why projects with fixed price, fixed scope contracts often go way over time and budget. We talk about uncertainty, sales incentives and underestimating. How fixed scope contracts lead to big design up front, siloed delivery, authoritarian management and conflict with suppliers. We discuss how to use an agile approach to solve these problems. We talk about testing suppliers by starting small and scaling up. And we talk about agile contracts where you engage a supplier to provide a fixed team for a fixed time and budget to achieve a goal with a variable scope.