Experts share their top budget management tips [DesignRush QuickSights]


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.


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.”


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. .”


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 –
Expertise: custom software development, experimentation and conversion rate optimization, technical and product due diligence, etc.

2. Gravelsoft –
Expertise: custom software development, mobile application development, web development, etc.

3. Kensio Software –
Expertise: web development, system integrations, cloud software and more

4. Squash apps –
Expertise: mobile app development, enterprise software development, UI/UX design and more

5. Wings Tech Solutions –
Expertise: Web development, software product development, mobile application development, etc.

6. PocketDevs –
Expertise: custom software development, web development, mobile application development, etc.

7. V2STech solutions –
Expertise: software development, mobile development, UI/UX services and more

8. Concept Infoway Pvt. Ltd –
Expertise: web application development, software development, e-commerce website development, etc.

9. Knovator Technologies –
Expertise: web development, e-commerce development, custom ERP development and more

10. WalkingTree Technologies –
Expertise: Web and mobile application development, UI/UX design, DevOps and more

11. axiusSoftware –
Expertise: enterprise web solutions, enterprise mobile solutions, WeChat solutions and more

12. SmartApp –
Expertise: Web and software development, UX/UI design, IT consulting, etc.

13. Infomaze –
Expertise: business intelligence, web development, mobile application development and more

14. Rushkar Information Technology –
Expertise: web development, mobile app development, cloud consulting and more

15. HSK digital –
Expertise: web design and development, software development, quality assurance testing, etc.

16. Zaag System –
Expertise: UI/UX design, system solutions, web development, etc.

17. Astha IT Research & Consultancy –
Expertise: custom software development, mobile app development, enterprise solutions and more

18. White Cloak Technologies –
Expertise: mobile application development, UI/UX design, web application development, etc.

19. Alite International –
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.

About DesignRush: is a B2B marketplace connecting businesses and agencies through expert reviews and agency rankings, awards, knowledge resources, and personalized agency recommendations for approved projects.

Media Contact

Maja Dukadinovska, DesignRush, 8008565417, [email protected]




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