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copied!<p>The only agile projects I have ever worked on were either In House, Time and Materials (T&M) or Pay per Cycle projects.</p> <p>The trouble is, as you have pointed out, that there is a risk of a project failing/ending early. However, isn't that the same as any project? If you go T&M you take all the risk, if you go Fixed Price the customer takes all the risk. By going Pay Per Cycle you are taking most of the risk, but are passing small chunks of it onto the customer one cycle at a time. As it happens neither you or the client want to take any risk at all, which is why you have posted this question. </p> <p>The trouble is taking risks is what business is all about, the more risk you take the bigger the profit when it comes off, but also the bigger the loss if it doesn't. If the risk is too great for you to handle the only solution is to find someone else that can take the risk off your hands, but you are going to have to pay them. If neither you nor the client are prepared to take it then there are probably only two answers:</p> <ol> <li>Get some rich fool to underwrite the risk (i.e. get insurance).</li> <li>Spread the risk out amongst a number of people until the risk each one takes is so small that it is acceptable.</li> </ol> <p>I think this second option is what makes Contactors so popular. Because they are easy to get rid of, they end up taking the risk of an early project termination. As the risk would be spread between a number of them, the risk is spread to an acceptable level. They will charge you more than an Employee because of the extra risk, but that is what you get for trying to avoid the risk yourself.</p>

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