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Don't Fix the Price

Software is like a living, organic being -- constantly evolving to its environment.

As such, it's extremely difficult to develop on a fixed budget.

This is even more applicable for large or especially complex projects.

Instead of trying to adhere to an arbitrary budget:
  1. Split large projects into smaller ones
  2. Develop the "core" features first
  3. Add only what's absolutely critical
  4. Use an agile approach so you always have a working version 
Remember, you might not be "done" when you think.

Further reading: