Contracts

Fixed-price contracts are normally based on a fixed scope, which is not compatible with Agile. However, most customers still insist on having fixed-price contracts, and since many suppliers cannot afford to lose that kind of customers, it’s common to see Agile projects that cop with fixed-price, fixed-scope contracts.

The general approach is that the size of the elements of scope are estimated. When a new feature is requested, the customer will “swap” or “trade” it with one of the existing features with the same size.

While having time and material contracts are preferred in most Agile frameworks, PRINCE2 Agile only considers the fixed price contracts.

See Also

• Change theme
• Plans theme
• Requirements focus area

Written by Nader K. Rad

This is (and will be) a work in progress: More details will be added in the future, depending on the feedback.

This wiki is developed and managed by an accredited trainer, independent of AXELOS. While aligned with their guidelines, it’s not an official resource.