Time Wasted Managing Contract Changes
Technology projects are dynamic. Change is inevitable. Change comes as a result of many factors: shifting priorities, changing opinions, new learnings, volatile markets, shrewd competitors, emerging technologies – just to name a few. So how are changes dealt with on Fixed-Fee, Fixed Scope (FFFS) contracts? Enter the super-charged change-control process. more »

Right around the time the dot-com bubble burst, large companies began focusing their technology almost exclusively on cost-cutting initiatives. It makes sense: it was time to reduce the bloat that had been accumulated during the hay-days of the bubble. It was at this time that the Fixed-Fee Fixed-Scope (FFFS) contract became a wildly popular vehicle to control project costs. Companies and vendors would agree up-front to delivering a predefined set of functionality or requirements for a set price. Any future changes to scope would be negotiated and agreed-to (in writing) by both parties. This is the first in a multi-part series on why Fixed-Fee, Fixed Scope projects are bad for customers. more »