Hello! For a larger company that manufactures wooden windows, we developed an extensive iPad iOS application for optimizing their internal processes (measurements, installation, etc..). The development of the application went smoothly, the project was completed successfully. However, there are now some situations when it is necessary to upgrade the application to new phases with new features/functions. There are some specific problems for which we cannot estimate exactly how much development needs to be invested, and the company's management wants to have a fixed price for implementation and new development (not possible from our side). Since we do not have experience in the field of estimating the scope of unknown work, we are looking for an expert who could consult us on how to estimate and charge software business. We will also need this knowledge for new upcoming projects. Thanks! Valentin
For projects that are fairly open-ended, you can provide a fixed quote that takes into account enough buffer to ensure you are safe. The downside is that could mean losing the opportunity due to having a price that's not competitive. However, that's better than risking your business / layoffs on what could become a wildly unprofitable project.
There are plenty more ways to go about it, but in the end it's going to come down to either (1) determining the price where you feel you have derisked enough to make the potential reward worthwhile, or (2) seeing if someone with experience in the project area can give you a more accurate estimate.
Wish you well with this!
Answered a month ago