Jerod  Mante

Jerod Mante

1603956360

Fixed Price vs. Time&Materials - Which Pricing Method to Choose?

One of the main goals of a Project Manager is to maintain a comfortable environment for developers in order to let them do their job in the best way possible.

And even though they don’t seem to relate directly to actual development, contract details often affect not only financial prognosis, but also the everyday work of web-development teams. Let’s see how.

Fixed price as well as time and materials, as noted in the title, are two main models that development agencies use to bill their customers. Fixed price suggests that there is a fixed budget and usually a timeline for delivering a project with a known scope. Both sides agree on them before starting a project and do not expect any amendments during its implementation.

Time and materials pricing method is a leaner model in which a client is billed for the time they spend on the project, no matter how long it takes. This also includes any third party materials that are used in the project.

Pros and cons of fixed price

First of all, let’s see how the price is formed for a fixed budget: it consists of the project estimation plus some risk margin (most often it’s around 20-30% of the whole project costs).

Estimations are the most difficult part of the process, especially when dealing with completely new projects. It’s almost impossible to come up with the precise figure until you get deeper into the project, try a couple of approaches and pass a few iterations.

This is why the margin is added: we assume that there are some risks which we don’t see now and which might occur later (aaand they usually do).

The fixed price model usually looks attractive to bigger companies that have to plan and justify their budget far in advance and don’t mind paying extra in exchange for made-in-stone predictability.

So that seems pretty fair for projects where the scope is not about to change, right? The profits are going to directly reflect the estimated skills of the team (which grows with its expertise) and the customer knows exactly how much it is going to cost.

However, there are always new inputs during a project: whether it is new requirements from clients, or a new version of an API we were going to use, or new browser to support.

#agile #project management #business

What is GEEK

Buddha Community

Fixed Price vs. Time&Materials - Which Pricing Method to Choose?

Kate Alexenko

1608820253

Nicely written, I think if we talk about time and materials contract I would first choose a contract with a fixed value, and then a contract upon completion)

Autumn  Blick

Autumn Blick

1598839687

How native is React Native? | React Native vs Native App Development

If you are undertaking a mobile app development for your start-up or enterprise, you are likely wondering whether to use React Native. As a popular development framework, React Native helps you to develop near-native mobile apps. However, you are probably also wondering how close you can get to a native app by using React Native. How native is React Native?

In the article, we discuss the similarities between native mobile development and development using React Native. We also touch upon where they differ and how to bridge the gaps. Read on.

A brief introduction to React Native

Let’s briefly set the context first. We will briefly touch upon what React Native is and how it differs from earlier hybrid frameworks.

React Native is a popular JavaScript framework that Facebook has created. You can use this open-source framework to code natively rendering Android and iOS mobile apps. You can use it to develop web apps too.

Facebook has developed React Native based on React, its JavaScript library. The first release of React Native came in March 2015. At the time of writing this article, the latest stable release of React Native is 0.62.0, and it was released in March 2020.

Although relatively new, React Native has acquired a high degree of popularity. The “Stack Overflow Developer Survey 2019” report identifies it as the 8th most loved framework. Facebook, Walmart, and Bloomberg are some of the top companies that use React Native.

The popularity of React Native comes from its advantages. Some of its advantages are as follows:

  • Performance: It delivers optimal performance.
  • Cross-platform development: You can develop both Android and iOS apps with it. The reuse of code expedites development and reduces costs.
  • UI design: React Native enables you to design simple and responsive UI for your mobile app.
  • 3rd party plugins: This framework supports 3rd party plugins.
  • Developer community: A vibrant community of developers support React Native.

Why React Native is fundamentally different from earlier hybrid frameworks

Are you wondering whether React Native is just another of those hybrid frameworks like Ionic or Cordova? It’s not! React Native is fundamentally different from these earlier hybrid frameworks.

React Native is very close to native. Consider the following aspects as described on the React Native website:

  • Access to many native platforms features: The primitives of React Native render to native platform UI. This means that your React Native app will use many native platform APIs as native apps would do.
  • Near-native user experience: React Native provides several native components, and these are platform agnostic.
  • The ease of accessing native APIs: React Native uses a declarative UI paradigm. This enables React Native to interact easily with native platform APIs since React Native wraps existing native code.

Due to these factors, React Native offers many more advantages compared to those earlier hybrid frameworks. We now review them.

#android app #frontend #ios app #mobile app development #benefits of react native #is react native good for mobile app development #native vs #pros and cons of react native #react mobile development #react native development #react native experience #react native framework #react native ios vs android #react native pros and cons #react native vs android #react native vs native #react native vs native performance #react vs native #why react native #why use react native

Jerod  Mante

Jerod Mante

1603956360

Fixed Price vs. Time&Materials - Which Pricing Method to Choose?

One of the main goals of a Project Manager is to maintain a comfortable environment for developers in order to let them do their job in the best way possible.

And even though they don’t seem to relate directly to actual development, contract details often affect not only financial prognosis, but also the everyday work of web-development teams. Let’s see how.

Fixed price as well as time and materials, as noted in the title, are two main models that development agencies use to bill their customers. Fixed price suggests that there is a fixed budget and usually a timeline for delivering a project with a known scope. Both sides agree on them before starting a project and do not expect any amendments during its implementation.

Time and materials pricing method is a leaner model in which a client is billed for the time they spend on the project, no matter how long it takes. This also includes any third party materials that are used in the project.

Pros and cons of fixed price

First of all, let’s see how the price is formed for a fixed budget: it consists of the project estimation plus some risk margin (most often it’s around 20-30% of the whole project costs).

Estimations are the most difficult part of the process, especially when dealing with completely new projects. It’s almost impossible to come up with the precise figure until you get deeper into the project, try a couple of approaches and pass a few iterations.

This is why the margin is added: we assume that there are some risks which we don’t see now and which might occur later (aaand they usually do).

The fixed price model usually looks attractive to bigger companies that have to plan and justify their budget far in advance and don’t mind paying extra in exchange for made-in-stone predictability.

So that seems pretty fair for projects where the scope is not about to change, right? The profits are going to directly reflect the estimated skills of the team (which grows with its expertise) and the customer knows exactly how much it is going to cost.

However, there are always new inputs during a project: whether it is new requirements from clients, or a new version of an API we were going to use, or new browser to support.

#agile #project management #business

How to Install and Configure Chrony

It is essential to keep the correct time on a server. This is especially true when it comes to processing financial transactions or other vital functions which need to be handled in a specific order. Using the Network Time Protocol (or NTP), computers can synchronize their internal clock times with the internet standard reference clocks. In essence, NTP is a hierarchy of servers. The higher the Stratum number of a server, the more accurate the timing is and the lower the Stratum number of a server is, the lower the accuracy and time stability. Stratus are defined by the distance from the initial reference clock.

#tutorials #atomic clock #centos #chrony #clock #drift #internal time clock #network time protocol #ntp #offset #peers #pool.ntp.org #server time #stratum #system clock #time #time drift #timekeeping #ubuntu #utc

Hal  Sauer

Hal Sauer

1591688078

Python Datetime Tutorial: Manipulate Times, Dates, and Time Spans

Dealing with dates and times in Python can be a hassle. Thankfully, there’s a built-in way of making it easier: the Python datetime module.

datetime helps us identify and process time-related elements like dates, hours, minutes, seconds, days of the week, months, years, etc. It offers various services like managing time zones and daylight savings time. It can work with timestamp data. It can extract the day of the week, day of the month, and other date and time formats from strings.

#data science tutorials #calendar #date #dates #datetime #intermediate #python #time #time series #times #tutorial #tutorials

PWA vs Native App: Which Is Better Option In 2021?

Every year, the world is expanding with the launch of new smartphones and other gadgets available in the market. According to Statista, more than 50% of the population will be using smartphones by the end of 2021.

Hence, businesses worldwide have understood the importance of smartphones and are joining the mobile industry by launching native apps.

Apart from native apps, progressive web apps is another technology that is gaining a lot of attention among businesses. Moreover, various leading companies worldwide have openly accepted PWA and built progressive web apps.

Now, the question arises, how is PWA different from the native apps? Read More

#pwa vs native #pwa vs native app #progressive web app vs native #progressive web app vs native app #pwa vs native app performance