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7 Ways to eliminate the risk of time and cost uncertainty in web and mobile app development with DhiWise



May 2, 2021


May 2, 2021

Eliminating the risk of time and cost uncertainty is very essential in web and mobile app development.

Any company has a clear target in mind: Lower mobile app development costs.

One of the reasons why some customers fail to build a project is due to a small budget, resulting in the loss of potential business opportunities.

However, since the product creation process is divided into many phases, you would be able to save time and money if you understand the characteristics of each stage.

In this blog, we’ll discuss how to cut mobile app development costs without sacrificing the quality of the final product.

Why eliminate these risks?

During the planning phase, a detailed assessment process will help de-risk growth by defining outlier cost drivers.

Back-of-the-envelope comparisons to previous projects run the risk of ignoring the kinds of special project conditions that can lead to cost overruns.

A well-thought-out estimation method lays a solid basis for future growth.

The estimation process should result in a comprehensive timeline and deliverables accounting that can be directly converted into a project roadmap.

Significant business goals should always be communicated to the team. This expertise enables you and the engineers with whom you’re working to efficiently prepare for these goals, allowing you to remain ahead of the game.

Scope misleads can be avoided by tying a development effort to a realistic, deliverable-driven cost estimate. This also keeps workflows consistent with available resources.

Estimation is inherently fraught with danger. Budgets can be prepared with the ability to accommodate various potential planning scenarios by defining “known unknowns” during the estimation process.

Here are some tips:

Tip #1: Make a list of product requirements

The more ambiguous the customer’s expectations are, the more uncertain the end result will be. It is always better to give a software designer a detailed description of your task:

What is the aim of developing apps; what tasks does it solve for the user; which devices/platforms can it operate on; what features must be implemented; competitor app examples; brand book, design specifications, and so on. Developers would be able to calculate implementation costs and construction time much more easily based on a comprehensive project summary, as well as address customers’ other essential questions.

Tip #2: Research

It’s no secret that estimating is difficult, especially when the role is unfamiliar to the assignees and they have never done it before. A project manager normally has two choices in this situation: Request an estimate right away — which will almost certainly be based on a wild guess — or set a deadline for research. Proper testing will reduce the likelihood of inaccurate estimates and may even influence your decision about whether or not to complete the mission. It could turn out that updating the project’s goals in conjunction with the task’s importance from a business perspective compared to the resources – the time and effort required from the team to complete the task – is preferable.

Tip #3: Choose the apt platform

Choosing the best software development platform is another way to cut app development costs. Your marketing budget would be influenced by the platform solution. Conduct market analysis before deciding on a platform (it may be Android or iOS). Try to figure out which app platform your target audience prefers. This list of requirements for your target clients will assist you in resolving the problem. Although Android is slightly more popular than iOS (2020 market share figures show that Android accounted for 72.75% of the market, while iOS accounted for just 27.25%), iOS users are obviously known to be wealthier and make more online purchases.

Tip #4: Use MVP to your advantage

The MVP (minimum viable product) is a working prototype of a product that can be used to assess consumer demand prior to a full-scale launch. The main aim of an MVP is to test a software concept for a low cost. Among the well-known apps that began as MVPs are Foursquare, Uber, and Snapchat.

It is preferable to spend a certain amount of money and discover that a particular idea or function is not in demand than to spend ten times as much money and arrive at the same conclusions. The first version should have as little flexibility as possible and only have the features that are most relevant to the target audience. Launch your app to the market with one to five key functions and add the rest in later versions until you’re satisfied with the main product.

Tip #5: Outsource wherever required

Development outsourcing is a form of collaboration with developers that allows you to save money on office rental and equipment, streamline internal processes, and hire from a global talent pool. You may recruit an entire dedicated team of contractors with specialized (and uncommon) experience to work on the project. You can dramatically reduce mobile app development costs by outsourcing project development.

Eastern European teams may provide the same high-quality services as businesses in the United States, the United Kingdom, or Great Britain. Furthermore, their job would be 2 to 3 times less expensive. Although the primary motivation for owners to outsource construction activities is to save 50% on project costs, the primary benefit of in-house collaboration is the elimination of project risk.

Tip #6: Cut costs intelligently

One or five screens may be used to incorporate identical mobile app features. Of course, the implementation time and testing would vary. The same can be said for the budget. A well-thought-out design stage helps you to optimise user experiences with the app while reducing the amount of screens you have to create. The construction costs would be lower as a result of this strategy.

A client and an outsourcing team sign a fixed-price agreement, which states that the client will pay a certain price for the finished product. Your organisation shares the expectations and project technical specifications during the pre-agreement stage. Budget forecasts and deadlines are provided by freelancers, a dedicated development team, or an outsourcing provider.

Tip #7: Use quality checks

If your project isn’t big, you can believe you don’t need any QA specialists or just need basic testing procedures. However, this is not the case, and the research procedure is much more complex than it seems. Errors and bugs discovered during the production process will result in increased costs after the product is released, as well as a negative response from consumers and a tarnished image for your business. All of these issues can be avoided if you pay close attention to quality assurance.

Final thoughts

After all, project management is well recognized to be a high-risk environment.

As a result, this is something you should always bear in mind, and be prepared to change as required.

To keep your mobile app development costs down without sacrificing its appeal, keep things as straightforward as possible, drawing a straight line about what elements and processes are critical to your promotional plan and what aren’t.

Remember that even the best apps like Amazon or Uber are in high demand once they have the features that consumers have been waiting for.