Characteristics
Scope: Clearly defined project requirements and deliverables.
Budget: Fixed and agreed upon upfront.
Timeline: Predetermined schedule with milestones.
Best For
Projects with well-defined requirements.
Clients with a fixed budget and strict deadlines.
Process
Requirement Gathering: Detailed discussions to capture all project specifications.
Proposal and Quotation: Provide a detailed proposal with cost, timeline, and deliverables.
Contract Signing: Sign a formal agreement outlining the scope, cost, and schedule.
Project Execution: Follow a structured project plan with regular updates and milestone reviews.
Delivery and Closure: Final delivery after thorough testing and client approval.
