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    8 ways to reduce software development costs

    Do you know how to reduce software development costs? On average companies spend 3.28% of total revenue on IT and services, according to a study from Deloitte. In this article I will discuss eight strategies we have found to bring down the cost of software development.

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    8 ways to reduce software development costs

    23 April 2020 • 9 minutes

    Written by Tessa Mylonas

    Do you know how to reduce software development costs? On average companies spend 3.28% of total revenue on IT and services, according to a study from Deloitte. In this article I will discuss eight strategies we have found to bring down the cost of software development.

    1. Plan plan plan

    Start your project with a strong plan. To successfully reduce costs when building a software project, we must commit to more design and scoping from the outset. Using a divergent-convergent approach during planning, you can explore as many solutions as possible, and ensure you converge on the solution that provides the most value.

    Creating a plan makes it easier to not only break down the work and estimate more effectively, but to also highlight the goals for the project. This ensures the focus is clear between the development team and all project stakeholders. It also allows stakeholders to view from the outset what the project will look like, and prioritise the work for the development team based on the project’s budget. For example, you might shift features that are only “nice to have” rather than “must-haves” to the back of the product backlog, in an effort to spend less money creating an MVP and get your product to market.

    But, make sure you find the balance in the force between planning and over-planning. You don’t want to deep dive into all the nitty gritty details of the requirements for the entire project, as this will take up far too much time and money. In addition, it stops teams from being adaptable as the product develops. You want your development team to be able to be flexible in what they work on next in case you need to reduce your budget by shifting the priorities of your product backlog requirements, or make a change due to user feedback halfway through. Make sure you walk the line between the two types of planning.

    Scoping and planning for smaller batches of work allows the project team to remain adaptable and flexible to user responses to the project, changes in business processes, or stakeholder goals. This prevents redundant features from being scoped, or code that requires refactoring. Instituting smaller changes as needed reduces the likelihood of needing bigger ones later on. That’s why it’s critical to give clients freedom to ask questions and suggest adjustments as the project evolves.

    2. Understand your target market

    Spending time during your planning to understand and define your target market is a huge priority for reducing costs. Always focus on the problem and never the solution. The job is to solve the user’s problem not make a solution. If you come from that mindset, you are far more likely to build a successful product.

    You need to ask, who is your user? Find out what your user wants and how to best deliver this. You can ensure what you are delivering has value and will be welcomed through user testing. Have your target market test your application frequently and give feedback as you are building. If you do this frequently, and discover any problems earlier, you can pivot the direction of your software earlier. You’re better off finding a problem early and addressing it, than spending the money to finish building the product and discover something you could’ve known weeks earlier.

    As our Creative Director Isaac Joe Kong says: “It’s better to solve the right problem the wrong way than to solve wrong problem the right way”. Understand who your target market is, how they work, what they are used to, and what they like. All of this information is important to inform what you build.

    3. Automate as much as possible

    What are the advantages of automation? Higher output and increased productivity are two of the more commonly cited advantages. Remember, the most expensive part of a software project is the people working on it. Automation leads to smaller timeframes for production, meaning less person hours, and consequently reduced costs.

    Despite this, automation is not about replacing humans with computers, but about creating efficiencies in your processes. When your team is freed up from time-consuming tasks through automation, they can instead contribute more in other aspects of the project.

    An easy place to start with automation in software projects is to automate testing to ensure quality. Research tells us that software testing utilises approximately 40%-50% of total resources, 30% of total effort and 50%-60% of the total cost of a software project. This is therefore one of the first and best places software teams should look to for cutting costs.

    Is the cost of automating testing worth it? Though the initial investment is far more substantial compared to manual testing, mainly due to the time spent actually coding the tests, analysis shows that the long term answer is - yes. Studies conducted on the ‘Impacts of Test Automation on Software’s Cost, Quality and Time to Market’ shows that over time testing automation has a positive impact on all of these aspects of software development. While it’s true that automated tests initially may take longer than manual tests due to the time spent coding, once the tests are written they can be rerun as often as needed.

    स्रोत : codebots.com

    How to reduce custom software development costs? 5 effective solutions!

    How much does software development cost? Well, we know how this goes. It’s a tough question to answer even if you have decades of experience in custom software development. This is simply because it…

    How to reduce custom software development costs? 5 effective solutions!

    How much does software development cost? Well, we know how this goes. It’s a tough question to answer even if you have decades of experience in custom software development. This is simply because it varies. But, let that be a discussion for later. In this article, we tell you how to reduce custom software development costs and afford a custom software solution without compromising on quality.

    Too many software projects fail. Yup, we did it! Someone had to address the elephant in the room. Planning inadequacies and lack of communication being the essential reason for the failures of developing custom software, way more than technical incompetencies or unattainable requirements.

    Custom software development is far from quintessential and thus, the word “custom”. There might be a few similarities between some software applications, but each custom developed software is a cluster of innovative ideas and business logic. Custom software means an upper hand for businesses as now the business has a competitive advantage. This induces demand for custom software and demand results in subsequent high software development costs!

    A recent Harvard Business Review article revealed that one in six IT projects has a cost overrun of 200%. Sounds like an industry who loves to fail. So, “How to reduce custom software development cost ?” Do it yourself? ;)

    Just kidding! That goal is unreachable when it comes to software. And it is unimaginable to think that a modern business can prosper without software. This makes costs skyrocket and eventually displace the company’ overall profit, especially for a startup and new small firm.

    Read more: 5 symptoms your business needs software development

    Then, is there even a way to develop a custom software without losing all your money, u ask? Can we reduce the costs of Software Development? Voila! Absolutely.

    The first step towards reducing the costs of software development is to lay out the relevant business requirements for the software on your own. Project requirements are directly proportional to the project cost. When you have a detailed business requirement doc, you save a lot of the custom software development company’s time to draft it for you; consequently reducing costs. We talk about this later in the article too.

    There are 5 other simple but useful strategies that help any cost-focused company to invest smartly in custom software development :

    [1] Consider Your Outsourcing Options

    Outsourcing software development is the simplest ways to reduce software development costs. Initial cost savings comes in the form of the absence of in-house cost i.e. salaries, benefits etc and then extends to cost-cutting in operational, marketing and management costs.

    Offshore software development is also a great way to gain access to experienced developers in the required technical domain. See Why you should outsource software development.

    But, at the same time, these lower rates don’t necessarily translate into a better price-quality ratio. Ensuring quality will require taking into consideration more factors than only the cost. With the right attitude, not only will you save money but will also find a great quality software solution.

    Do your due diligence before you are all set to hire a software development team. Ask these 5 questions to the potential software development team to make sure you get exactly what you are paying for.

    [2] Draw Up Your own Requirements

    The main purpose of this is to avoid ambiguity in the requirements. If the requirements are misinterpreted or not read in its entirety, it will result in haphazard design, improper functionality and will lack specificity, resulting in a disaster. Before approaching any custom software development company, make sure you are completely aware of your business needs and draw up a requirement analysis. Drawing up proper documentation from start to finish results in a decrease in miscommunication.

    Also, as the software development team already knows what they need to develop and that too in details, they don’t have to spend much time in meetings with you, going over the same thing again and again. This will reduce the overall software development costs and save time for you, helping you focus on other important business problems.

    [3] Communicate well

    52.7% of projects will cost 189% of their original estimates, as per Standish report. Why? Impractical and un-feasible project spec and constant changes in project direction and management. This kind of phenomenon is so common that it even has a name — “ Black Swan “.

    At times when the project aspects are moderately vague, the offshore software development team, should step in and articulate any outstanding gray areas about the scope of the project.

    This project flow will act as a roadmap for both the customer as well as the software development outsourcing company. Any deviation from this spec will cost extra bucks. Knowing this will effectively minimize guesswork also decrease the potential latitude for cost increase and project failures.

    स्रोत : towardsdatascience.com

    7 Ways To Reduce Your Software Development Budget

    Check out tips and tricks of reducing your software development budget and doing more for less.

    May 28, 2019

    7 Ways To Reduce Your Software Development Budget

    What you will learn:

    1 How to reduce software development expenses

    1.1 Don’t reinvent the wheel

    1.2 Develop in iterations

    1.3 Outsource to a lower-cost destination

    1.4 Hire freelancers

    1.5 Combine your onshore and offshore resources

    1.6 Allocate workloads to leverage junior staff

    1.7 Use DevOps, Cloud and AI automation

    The cost of software development is always a sensitive subject. Regardless of how large your budget is, you don’t want it to exceed the estimated business value of your software product. On the other hand, you don’t want to sacrifice its quality by being too stringent. Planning a software development budget is a tricky balancing act, that’s why it’s best to approach it with careful consideration.

    Just how big your software development cost will turn out depends on a lot of factors. Your software size, its overall complexity as well as the complexity of UI design, its integration with external systems and the necessity of data migration will determine the eventual budget. The uniqueness of an application will also dictate its price: something niche and complex will usually require hiring skilled developers who cost more.

    On average, the cost of a robust custom software project will range between $50,000 and $250,000, although some sources say the price of a hypothetical mobile app built by a large development company may reach $1,000,000. The price for powerful enterprise web apps may even exceed $1,000,000, although a lot will depend on a development company: larger companies will usually charge more. In general, small apps tend to cost $10,000-50,000, medium apps are around $50,000-200,000 and the cost of large enterprise applications usually exceeds $250,000.

    Lately, though, a survey published by Harvard Business Review revealed that each 6th software dev project ends up with almost 200% cost overrun: an eye-opening figure that should stress the importance of careful budgeting.

    How to reduce software development expenses

    Even if you’re up to building something enterprise-scale and complex, with lots of numbers to crunch and data to process, there are ways to lower software development expenses. A list below should give you some actionable tips.

    Don’t reinvent the wheel

    Although all apps are different, they do have similarities: parts of code performing particular functions tend to stay unchanged through many applications and can be reused if necessary. That’s what code libraries are for. Why reinvent the wheel and pay developers for hours of work instead of using a widget or a component they could easily download from a code repository like GitHub? Parts of your app may just as well have to be built from scratch, but using code libraries for its less unique functions is a sure way to reduce expenses and save time.

    Develop in iterations

    Some of the most massive software project cost overruns happen because of the need to introduce changes into a finished product, which is usually time-consuming and expensive. Developing in iterations, getting a certain portion of your app approved and moving on is a better practice, which secures you from cost overruns. Tweaking a small fragment of an app is much easier than processing large portions of code to make necessary changes.

    Outsource to a lower-cost destination

    Outsourcing your software development to a lower-cost location to benefit from price arbitrage is a widespread business practice. Even IT tycoons like Google, Apple, Microsoft and Amazon leverage outsourcing and have offshore development centers in countries like Ukraine, India, China and South America. For Western markets experiencing severe IT talent shortages, outsourcing is one of the ways to fill existing vacancies and make up for the scarcity of local talent.

    Outsourcing 4.0: From Cost Arbitrage To New Untapped Opportunities

    Choosing an IT outsourcing provider that would be right for your company will require a thorough approach; but then again: this road has been traveled many times, and the ones who have succeeded have left explicit guidelines.

    Hire freelancers

    With online marketplaces like Upwork featuring thousands of freelancers’ profiles, there’s high probability you could find some inexpensive and talented freelance developers for your project. Do be careful, though, not to fall into the trap of scams who will claim non-existent expertise, accept payment and disappear into the thin air. The scams are the ones most likely to spam you with unsolicited emails offering conditions which are simply too good to be true: low prices, unrealistic deadlines, etc.

    Hiring Dedicated Software Engineers vs Freelance Developers: Pros and Cons

    Combine your onshore and offshore resources

    You may already have a software development team and need to enhance it with a few more experienced developers to make your project a success. Normally, such developers would command substantial salaries, but if you look for devs with the same skill sets offshore, the costs will be different. Most of the offshore outsourcing providers will offer you a team augmentation model enabling you to combine your onshore and offshore resources and concentrate on your core business goals while letting your ITO partner take care of recruiting, infrastructure and operational management.

    स्रोत : 8allocate.com

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