February 4th, 2022

5 Proven Ways to Lower Software Development Costs

As a software developer, it is essential to figure out the development costs before working on them. With that said, many factors can influence the cost of software development. Of course, a simple app with a small user interface will be cheaper to develop. Likewise, a complex application will be more expensive to build.

Our experience says that software development can cost anywhere between $60,000 and $300,000. So it is a huge investment, and it is necessary to lower software development costs to stay profitable. But wait, we can help you with that.

This article will look at 5 proven ways to lower software development costs. So let’s begin your cost-saving journey.

5 Proven Ways to Lower Software Development Costs

Here are 5 proven ways to lower your software development costs without sacrificing the quality of your work.

1. Plan the entire software development project inside out.

A frequent blunder made by many developers is that they focus more on budgeting and lesson planning. So, before you start developing software, plan out the entire development process before deciding on a budget. If you do the opposite, you’ll either end up overspending or end up compromising the quality of the product. We recommend involving all stakeholders and getting their input on the objectives and goals for the application. This will help you pinpoint the precise problem your application intends to solve. Next, you need to break down these goals and objectives into smaller tasks. Then, likewise, allocate time and resources to these tasks. This will give you a realistic timeline and an adequate budget that will help in avoiding overrun costs. Pro Tip: Before you start the planning process, research and understand your target audience and then work your way forward from there.

2. Provide Clear Requirements

Perfect planning is incomplete without having a comprehensive understanding of your project’s needs. In addition, you must communicate the details and outcome of the project. This will lower software development costs as you won’t have to explain each task again and again. Also, it will avoid back-and-forth during the decision making process. If you don’t have clear functional requirements, it can waste resources in overtime pay and missed deadlines.

3. Consult with professionals before deciding on a technological stack for your software.

A significant part of the software development budget is the technology stack you use for software development. So, choosing the right stack is crucial to lowering software development costs. We recommend consulting a professional before choosing the tech stack. A professional can guide you on whether you should use open-source tools or ones that handle specific tasks. In addition, open-source tools are cheaper to use, and, in many instances, they are free. Moreover, as a rule of thumb, you should only use technologies from trustworthy vendors. For instance, Angular is a popular front-end tool with support from Google. Why is this important? Because it ensures that the tools will remain available for a longer time. In the end, use simple-to-integrate tools in your application. It eliminates the need to build every element from scratch using third-party tools.

4. Hire a quality management expert for the development process

Another excellent way to lower software development costs is to remove all bugs and glitches. To do so, you need to hire a quality assurance specialist. The specialist will perform a quality check through every development stage to ensure that the product is free of all sorts of bugs and errors. Now, some of you might be wondering, isn’t it better to do a final check at the end and remove all the discrepancies at once? If you delay testing until the final stage, numerous bugs can accumulate, which can be time-consuming and costly to fix.

5. Outsource

Last but not least, the best way to lower software development costs is by outsourcing software development. According to the Harvard Business Review, outsourcing can reduce costs by more than 20-30%. Apart from cost-cutting, outsourcing also provides flexibility and higher quality. According to Deloitte, about 45% of companies outsource to save money. Big and small businesses alike use outsourcing services to lower costs. Even big tech companies like Google, Microsoft, and Alibaba often use outsourcing services. According to a Bloomberg analysis, in 2018, Google had more freelancers than in-house employees. Google uses software development outsourcing to generate a wide range of products, from chatbots to IT development work. Additionally, if you do not outsource development, various factors can raise costs. Here are a few examples:
  • When you decide to do your software development, you will need to recruit specialists for various responsibilities.
In-house developers in western regions such as the United States are more expensive than in eastern regions like Asia. In addition to offering a regular monthly salary, your expenses will rise due to incentives, insurance, overtime pay, and so on.
  • You not only need physical infrastructure, but you will also need to invest in software tools and programmes. So, your team can do their job with ease.
  • When creating solutions for various sectors, an in-house developer has minimal experience. However, the development team of an outsourcing company works for a wide variety of customers on a wide range of software solutions.
And there you go, these are the 5 proven ways to Lower Software Development Costs.

Final Words

In the end, various factors determine the cost of software development. However, you can reduce it by following a comprehensive preparation and organization approach. Moreover, by following the advice in this article, it is possible to reduce development costs without sacrificing quality or client pleasure. That said, we hope you found this article useful and now you can lower software development costs without compromising quality.

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