Useful for complex projects that are inclined to specification and design changes. Through this option, customers can modify project requirements as per the upcoming market trend.
This is effective when the client is unclear about the requirements. Here, a feature of flexibility exists by which the client can modify the requirements. It is suitable for projects with long-term execution time with a duration of 6 months and that need several repetitions. Also, the scope of the work is not defined and mostly used during design improvement phase.
Key Differentiators:
- Changes can be made during the execution of the project
- Numerous iteration to accommodate the design and functionality changes
- Flexibility
- Transparency
- Better quality compared to fixed cost
- The process is improvement focused
- Low risk
Key Features
- Changes can be made during the execution of the project
- Numerous iteration to accommodate the design and functionality changes
- Very flexible compared to fixed cost model
- The process is research oriented with accountability matrix
- Needs a high level of trust between stakeholders
