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15.2. [Project Estimation] Fixed Price Projects: Why disappointment is inevitable
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Explore the hidden costs in project success and why fixed price locks you into something you can't change and will live with until your next project.
[0:00] Intro to Fixed Price Projects: Why disappointment is inevitable
[2:26] Tell us about your experience running fixed-cost projects. But first, could you describe what a fixed cost project is?
[7:20] What kind of expectations did the clients have, and do you think some of them could have been run differently and more efficiently without that fixed constraint?
[25:42] Do you feel there is still a place for fixed price projects in the industry?
[30:08] Can you tell us why, even if the project is deemed a success, it still always disappoints?
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