Demystifying an Oxymoron – Agile in Fixed Cost Projects

Session Description:

“Fixed Cost Projects have been the regular candidates for Waterfall or tradition ways of working as they worked on fixed scope, specific project timelines and predictable requirements. However, as the IT industry started the Agile revolution every client and thus every project is looking to adopt Agile frameworks and wish to reap the benefits of adaptability, high business value and risk mitigation from this transformation.

Agile Project management is based on Empirical Process control and Plan->Do>Check>Act is at the core of it’s framework. But when we combine the two scenarios Fixed cost projects and Agile Ways of working then it seems a beautiful oxymoron as they are the exact opposites of each other. However, as Agile advocates to thrive in the VUCA world, we also this scenario turn into an opportunity to deliver high Business value to clients who want agile adoption in Fixed cost projects.”

Key Takeaways
1. Understanding the oxymoron scenario on fixed cost projects in Agile IT industry
2. Techniques of handling this scenario of Agile adoption in fixed cost projects
3. Understanding and empathizing for the need of fixed cost projects in Agile
4. IT industry examples or use case where this scenario is seen
5. Benefits of Agile adopted fixed cost projects