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Fixed Budgets: A Missed Opportunity For Greatness

Working with fixed budgets, or by project, is a common practice in the IT world that I too endure as a consultant. However, from my point of view and experience, an R&D software project with a fixed project is a missed opportunity to create a great result with great value and, moreover, it can compromise quality. In this article, I’m going to explain why.

The Project Management Triangle is well known in software project management theory as a way to represent the constraints a project may have. On its corners, time, scope and budget (or schedule, scope and cost) shape the boundaries of the project, and quality is a by-product of the combination of these.

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