get started with a simple question: How much does custom software development
cost? It is a tough question to answer for anyone in the industry as costs can
vary significantly depending on the solution, expertise, where the product is
built, and so on.
In our experience, a robust custom software project will
range between $50,000 and $250,000 mark to design and develop the application.
It's a broad range, and probably this type of software is tailor-made to match
the unique requirements, processes, workflows, and objectives of your company
which makes it the most expensive one.
In this article, we tell you some
industry-verified tips and tricks to reduce custom software development costs
and afford a custom software solution without compromising on quality.
If you are wondering what is
outsourcing in software development, the answer is simple: to hire an external
software development agency to effectively carry out all the tasks of a
software development project. With software outsourcing, you can reduce
software development costs.
It enables the company to skip the tedious
recruitment process and will be able to get to work with, professional, highly
experienced, and trained experts to execute their work in a more efficient and
In addition to that, outsourcing is far cheaper compared to other
developed countries like China, Ukraine, Mexico, India, etc., resulting in an
almost 40% decrease in software development costs. Indian outsourcing industry
statistics imply that by 2023/2024, the country will have the highest number of
software developers, becoming leaders in the number of IT professionals with
extensive technical skills.
Your Software Requirements
You know your
requirements the best. So, start by defining the purpose of your product with a
pen and paper and start jotting them down. This is basically to avoid ambiguity
in requirements at unclear requirements lengthen software development time and
increase the costs.
For example, if your development partner misunderstands
your requirements, then they'll spend time working on knowing what your project
is all about. If the requirements are misinterpreted or not read in their
entirety, you'll face problems such as improper functionality, poor design, and
low business value.
Any software company looking to build great software would
be happy to take a look through a proper requirement document as they will get
a road map of how a software system should be developed.
Also, if they already
have a detailed document, they don't have to spend much time understanding what
needs to be built as they will be fully aware of the clear and fully detailed
functional and non-functional requirements goal - scope, functional
requirements, challenges, and budget regarding the software. This will reduce
the overall software development costs, helping you focus on other important
Communication is extremely
important for software development. For most people, this may sound counterintuitive, but remember, software development is a team activity these
So, your requirements must be understood by the software team. Every
deliverable, every constraint, and every assumption can elongate the project
schedule, have a significant impact on a project, delay development, or increase costs rectify.
From a communication perspective, start with daily meetings, where both the management and development team members should discuss
the documentation process to the point and make it easy to understand. Now
treat this document as the road map. Without a map (or well, Google Maps), you
wouldn't know your destination.
Similarly, in software development. Any
deviation from these specializations will lead to additional costs. When solutions
and ideas are communicated clearly across all channels, it will reduce the
overall cost of software development, and save your precious time to focus on
growing your business.
Test! And Test!
Start Testing Repeatedly - Statistically
speaking, software testing plays a very
crucial role in software development. One of the software testing principles says that "Start Test Early" in the software development, life cycle to prevent the release of poor quality
products and to avoid small mistakes that slip through leading to large
Most software bugs can be traced during the requirement or
design phase only. Testing in the initial phases means identifying issues and
bugs in the software before the implementation phase. Also, bugs discovered
during the later phase of software require to rework and rework, and fixing
bugs found during the testing phase could be 15x more.
Involving QA from the
start brings potential issues and conflicts to the surface and also, and helps
in maintaining a balance between work on the project and documentation
generation. And obviously, saving a lot of money and time in the process.
When it comes to software projects,
stakeholders come up with a bunch of features of the software before costs are
drawn. To ensure that you don't leave some important aspects uncovered, make
sure to focus on the critical features of your software that are necessary for
the first version.
Choosing the right features to build means prioritizing your long list of good ideas, and focusing on essential requirements that are
valuable and profitable. Remove nice-to-have elements of the scope of your project for once and add them to your backlog. You can return to them once with
the subsequent extensions of the software. That way, it will reduce the cost of
building software in the future.
These are a few hacks that will help you build effective custom software development projects at a much lower cost without giving up on quality. To sum it all up,
Software development is a bumpy road, but when there are effective software
product development life cycles and a very clear idea in mind, software
development can be more smooth and affordable than most people realize.