How To Reduce Software Development Costs Without Losing Quality
Updated: Mar 31
The IT industry has been surprisingly unaffected by the pandemic. With the rapid development of IT technology, there are improvements in compliance, automation and security. However, software development cost remains the most important factor in determining the success of a business. A lot of companies are looking for ways to reduce costs without impacting profits. As a result, they're seeking and trying out various new ways to reduce development cost.
Methods For Reducing Software Development Costs
Here's a guide on how IT companies can get the software development process to be more efficient and reduce costs without sacrificing quality:
Optimize the resources deployed on the project: There are many ways to reduce costs on a project. One way is to reduce the number of developers on a project, which may not be an option for certain companies. One can also reduce costs by limiting the amount of time spent per developer and the number of hours working on a project. If a developer is given 35 hours per week rather than 40 hours, it will take 40 weeks to complete the same work.
Follow lean software development methodology: Instead of focussing on developing everything together, focus on developing MVP and implementing other software features based on feedback on the product. By launching a Minimum Viable Product, one can expect these benefits:
You can identify various performance issues before your customers notice them.
You can improve different aspects of your software such as functionality, usability, features.
Ensures that your software products will provide 100% success
Outsourcing development work: Another way to reduce software development costs is to outsource some or all of the work to a software development company. Outsourcing can help you save time and money while still maintaining high-quality standards.
The first step is to find an outsourcer that matches your needs and budget. You can use websites like Upwork, Freelancer, and Guru, which have thousands of freelancers available for hire.
You can also use websites like Clutch or Comparably, which provide insights on different outsourcing companies in a given location and price range.
In conclusion, using these practices will make it easy to optimize your software development cost while not reducing the quality of your output. If you are interested in providing good software development services to your clients, start by embracing these practices.
We at LightSapien have been assisting companies globally in finding and managing their resources effectively. We work closely with the companies and manage a large chunk of operational processes, further enabling them to devote their time and energy to focus on their core areas. We provide end-to-end human resource management by managing the whole administration and providing high quality and relevant tech talent for specific business needs.
If you want to know more about our recruitment services, feel free to contact us.