Too many software project often fail during the development phase. Lack of communication, planning inadequacies being the chief reason for the failures of custom software development. As per a Harvard business review, one in every six IT project has over expense due to which, startups and new small firms have to stop developing a custom software because of the fear of losing money.
If is often seen that when the relevant requirements of a project are laid out, the cost of customized solution often seems to be more because it focuses on innovative solutions with changing business requirements. But can we reduce the cost of custom software? Absolutely!
Here in this blog, I will cover how can you reduce the cost of building a custom software solution and save some money.
Document your requirements:
Verbal discussion of requirements can easily be forgotten or even misinterpreted. So the best way to make sure that the developers have a clear understanding of your requirement is to create a document where all your specific needs will be written or even graphically set. In case any new idea comes to your mind during the process, you can easily add it to the documentary files. You can fill all the details in it to avoid any misunderstanding that may lead to rework.
Consider outsourcing options:
Outsourcing your custom software development is the easiest means to reduce to cost. The initial savings will come from the absence of hiring in-house resources, building the infrastructure, marketing and management costs. Outsourcing the task is also a great way to gain access to expert resources having domain knowledge who can ensure high quality at the best price. With the best approach, you can not only save money, but also develop the best solution for your business.
Select the agile software development approach:
Another great means of cost reduction is to adopt the Agile approach. This means that there will be cooperation between both the client and the developers on all the stages of the development process from beginning to end. With every stage of completion, the developers will discuss the product with the client and ask for any revisions or feedbacks. This will reduce the risk of any rework in the future.
Proper means of communication:
Most projects often fail due to improper means of communication, which leads to increased budget and estimates. Constant changes and unfeasible project often lead to increased cost and since most of the time the development teams are not very clear about what to do, it leads to incorrect business solutions. Having a regular means of communication over the phone or emails in a common language will reduce any guess work and also decrease the potential for misunderstanding.
Prioritize the necessary features and eliminate the not so important features
When it is about creating a software application, business owners often get excited and want to incorporate the maximum features and functions in it without thinking about the increased cost. So always start with small chunks of software development with basic features and once it proves to be beneficial and profitable, keep adding extension with your growing business needs. This will help you lower the cost without giving up on quality.
Also Read: Top Technologies That Will Bring a Change in Software Development in 2019
If is often seen that when the relevant requirements of a project are laid out, the cost of customized solution often seems to be more because it focuses on innovative solutions with changing business requirements. But can we reduce the cost of custom software? Absolutely!
Here in this blog, I will cover how can you reduce the cost of building a custom software solution and save some money.
Document your requirements:
Verbal discussion of requirements can easily be forgotten or even misinterpreted. So the best way to make sure that the developers have a clear understanding of your requirement is to create a document where all your specific needs will be written or even graphically set. In case any new idea comes to your mind during the process, you can easily add it to the documentary files. You can fill all the details in it to avoid any misunderstanding that may lead to rework.
Consider outsourcing options:
Outsourcing your custom software development is the easiest means to reduce to cost. The initial savings will come from the absence of hiring in-house resources, building the infrastructure, marketing and management costs. Outsourcing the task is also a great way to gain access to expert resources having domain knowledge who can ensure high quality at the best price. With the best approach, you can not only save money, but also develop the best solution for your business.
Select the agile software development approach:
Another great means of cost reduction is to adopt the Agile approach. This means that there will be cooperation between both the client and the developers on all the stages of the development process from beginning to end. With every stage of completion, the developers will discuss the product with the client and ask for any revisions or feedbacks. This will reduce the risk of any rework in the future.
Proper means of communication:
Most projects often fail due to improper means of communication, which leads to increased budget and estimates. Constant changes and unfeasible project often lead to increased cost and since most of the time the development teams are not very clear about what to do, it leads to incorrect business solutions. Having a regular means of communication over the phone or emails in a common language will reduce any guess work and also decrease the potential for misunderstanding.
Prioritize the necessary features and eliminate the not so important features
When it is about creating a software application, business owners often get excited and want to incorporate the maximum features and functions in it without thinking about the increased cost. So always start with small chunks of software development with basic features and once it proves to be beneficial and profitable, keep adding extension with your growing business needs. This will help you lower the cost without giving up on quality.
Also Read: Top Technologies That Will Bring a Change in Software Development in 2019