Software development can cost up to $1 million. DesignRush reached out to experts to uncover the best budget management tips for software development.
MIAMI, March 2, 2022 /PRNewswire-PRWeb/ — Although complex products can cost up to $1 millionthe average price of software development projects is $50,000–$250,000. The cost is highly dependent on the number of hours invested during development, which can range from 700 to over 3,000 for a single program.
DesignRush, a B2B marketplace connecting companies with agencies, leveraged its network of 13,000 agencies for quick insights — or “QuickSights” — on the best software development budget management tips.
1) RELEASE THE MINIMUM OF VIABLE PRODUCTS FIRST
In the opinion of Hugh GriggSenior Software Engineer at Kensio Software, companies can reduce software development costs by releasing a minimum of viable products and then modifying or improving them based on user feedback.
“Critical to controlling the costs of a software development project is to first focus on building and releasing a minimum viable product and then iterating on it,” Grigg said. “This keeps the project agile and responsive to the needs of its users, who are guaranteed to evolve as the project progresses.”
Catherine Reyesa business development manager at White Cloak Technologies, Inc., agrees, saying the cheapest way to create products is to make them right the first time and then tweak them as needed.
“Despite its huge impact on cost, scalability is the most overlooked thing in RFPs,” Reyes said. “HALF of our customers are those who have asked us to rebuild their apps from scratch, frustrated with their old vendor. Most of the time it was because their old apps were getting too slow as they added more features. Remember, the cheapest way to build an app is to build it right the first time.”
2) HAVE A DEFINED SOFTWARE DEVELOPMENT PROCESS
According to Srijith Radhakrishnan, President of Squash Apps Pvt Ltd, having a well-defined development process can help companies reduce costs. Considering that Agile development allows for greater predictability, this methodology can also be the key to project success.
“Having a defined software development process is very important,” Radhakrishnan said. “Without a plan or process, software development can become very hectic and drive up costs. Agile software development is known to play a major role in the success of a software project as you see the problems as early as possible. .”
3) CONSIDER THE POSSIBLE RISKS
CEO of Pocket Devs Bryl Lim believes that one of the ways to control the cost of a software development project is to consider potential risks in order to prepare a contingency plan.
“[When developing products, businesses] should take into account the possible risks and their cost. [They] must take into account the timetable and [the] Lim said. “A contingency should also be included to cover the estimated uncertainties and not be fixed at 100% – there should be room for change as we don’t live in constants but rather variables. »
To help businesses find a reliable partner for their software development project, DesignRush has released March’s list of the best custom software development companies:
1. Southport Technology Group – stg.software
Expertise: custom software development, experimentation and conversion rate optimization, technical and product due diligence, etc.
2. Gravelsoft – gravelsoft.com
Expertise: custom software development, mobile application development, web development, etc.
3. Kensio Software – kensiosoftware.co.uk
Expertise: web development, system integrations, cloud software and more
4. Squash apps – squashapps.com
Expertise: mobile app development, enterprise software development, UI/UX design and more
5. Wings Tech Solutions – wingstechsolutions.com
Expertise: Web development, software product development, mobile application development, etc.
6. PocketDevs – pocketdevs.ph
Expertise: custom software development, web development, mobile application development, etc.
7. V2STech solutions – v2stech.com
Expertise: software development, mobile development, UI/UX services and more
8. Concept Infoway Pvt. Ltd – conceptinfoway.net
Expertise: web application development, software development, e-commerce website development, etc.
9. Knovator Technologies – knovator.com
Expertise: web development, e-commerce development, custom ERP development and more
10. WalkingTree Technologies – walkingtree.tech
Expertise: Web and mobile application development, UI/UX design, DevOps and more
11. axiusSoftware – axiussoftware.com
Expertise: enterprise web solutions, enterprise mobile solutions, WeChat solutions and more
12. SmartApp – smartapp.technology
Expertise: Web and software development, UX/UI design, IT consulting, etc.
13. Infomaze – infomazeelite.com
Expertise: business intelligence, web development, mobile application development and more
14. Rushkar Information Technology – rushkar.com
Expertise: web development, mobile app development, cloud consulting and more
15. HSK digital – hskdigital.com
Expertise: web design and development, software development, quality assurance testing, etc.
16. Zaag System – zaagsys.com
Expertise: UI/UX design, system solutions, web development, etc.
17. Astha IT Research & Consultancy – asthait.com
Expertise: custom software development, mobile app development, enterprise solutions and more
18. White Cloak Technologies – whitecloak.com
Expertise: mobile application development, UI/UX design, web application development, etc.
19. Alite International – alite-international.com
Expertise: custom IoT solutions, cloud services, customer experience and more
Brands can explore top software development companies by location, size, average hourly rate, and portfolio on DesignRush.
DesignRush.com is a B2B marketplace connecting businesses and agencies through expert reviews and agency rankings, awards, knowledge resources, and personalized agency recommendations for approved projects.
Maja Dukadinovska, DesignRush, 8008565417, [email protected]