The Dire Consequences of Fixed-Price IT Projects

Is it wise to accept fixed pricing for an IT project (or any other project, for that matter)?

There's a brief but salutary article with the above title over at Dr. Dobb's Portal, well worth a read by anybody involved with software projects. Go to http://www.ddj.com/dept/architect/199001126?cid=RSSfeed_DDJ_ArchitectDebug