How to cut cost of app development up to 5x!
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Only about 29 percent of projects ever succeed. Of the remaining, 52 percent are heavily challenged, and 19 percent are cancelled all together. Successful IT projects are 222 percent late and 189 percent over-budget. Plus, once they are finished, most projects only see about 61 percent of their original scope being completed. Here we will talk about steps that you need to take so your app development will be successful and within budget, also about how to cut costs. Live Youtube Link: https://www.youtube.com/watch?v=M5g1QQ8AcfM
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How to cut cost of app development up to 5x!
- 1. Cut down app development cost up to 5x! Presented by Narek & Udit
- 2. Hi, I am Narek Hi, I am Udit We love building amazing software We are Pizza Maniacs We like hanging out with smart individuals and discuss global history, economics and of course programming
- 3. On average, software projects overrun their predicted schedule by 33%and predicted cost by 66% Source: Report by The Standish Group
- 4. Software Development is not Manufacturing !!! Software design is opinionated Software quality is subjective Any contributor can impact progress directly Unlike manufacturing, it’s easy to bypass steps Technology domain is extremely vast
- 5. Customer himself is at fault here. Can you guess WHY?
- 6. Trying to copy blindly Too lazy to document No prioritization of features
- 7. Have complete clarity about your requirements Communicate them effectively
- 8. Clearly define the purpose of your app List the type of users who will use it 1 2 Identify similar apps but refer smartly 3 List desired functionalities in priority order 4 Writing clear requirements Effective Communication (Part 1)
- 9. Wireframing ... ★ Extremely important before starting any development work ★ Hire a Product Designer if you can’t wireframe ★ Use tools like UxPin or proto.io if you are tech savvy Effective Communication (Part 2)
- 10. Outsource when … Low Budget No prior experience or expertise Want to start immediately Shortage of talent in your city
- 11. Have UI Design team Onshore Onshore vs Offshore Outsourcing (Part 1) ★ Heavily influenced by your vision ★ Design iterations are small (Few hours or days) ★ Require more communication and meetings
- 12. Can have offshore team for development Onshore vs Offshore Outsourcing (Part 2) ★ Relies on design files mostly ★ Development sprints are longer (Few weeks or months) ★ Require less communication and meetings
- 13. Transparent Remote teams Offshore Software Agencies (SMA) Freelancers Outsourcing options
- 14. “We recommend Freelancers for short term work” - (A Week to few months) “Hire Freelancers if you need experts immediately to accelerate project” “Product UI Designers Software Architects Testers” - Most fit Freelancers
- 15. “We recommend affordable remote teams in India or Ukraine for iterative product development” “Compensation for developers in India is 10x less than USA” “Collaborate with local supervisor to hire & manage effectively” Transparent Remote Teams
- 16. “We don’t recommend small & medium offshore software agencies for product development” “They spend only 10% - 20% of their revenue on core engineering and rest on sales, operations and marketing” “They don’t hire superior talent and have higher percentage of challenged and failed projects” Offshore Software Agencies (SMA - Small and Medium Agencies)
- 17. Remote TeamsBig Services Companies Medium Services Companies Small Services Companies $20 $50 $60 $12 Local Salaried Rates
- 19. Else any city in the world where cost of living is less compared with your city Where to hire remote team India Our Research suggests following metro cities in India 1. Bangalore 2. Hyderabad 3. NCR (New Delhi, Gurgaon, Noida) 4. Mumbai 5. Pune 6. Chennai Source : http://www.tholons.com/TholonsTop100/
- 20. Why Indian Cities ? “Excess fresh talent due to highest young population” “Excess trained professionals working in fortune 500 companies like Amazon, Google, Microsoft, Adobe, Oracle etc.” “Affordable English speaking talent”
- 21. Is it time consuming to set up remote teams ? “Yes if you try to set it up yourself ” “NO if you work with an on-demand service like Prolanceer.com”
- 22. Questions to answer before hiring remote talent “Is he qualified enough ?” “Does he have good communication skills ?” “Is he passionate enough about his work ?” “Is he suitable for remote collaboration ?”
- 23. Effective collaboration with remote team “Keep all communication documented” “Set clear goals and follow up on them regularly” “Remove any cultural barriers and develop a strong bonding with every team member” “Make efforts to help them grow”
Editor's Notes
- https://www.codementor.io/blog/software-projects-failure-rate-success-factors-1nqch57orj https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/delivering-large-scale-it-projects-on-time-on-budget-and-on-value https://erm.ncsu.edu/library/article/Risky-IT-Project Purpose of this meetup is to decrease failure rate and cost of your next project How to effectively communicate your idea to your team Outsource or Develop In house Onshore Outsourcing vs Offshore Outsourcing Freelancers vs Remote teams vs Agencies Where to set up remote team How to vet professionals for remote work How to effectively collaborate with your remote team
- “I want all the features in 2 Months“- Customer Unclear requirements & objectives Information loss due to poor communication Unrealistic timeline No user involvement Poor feature prioritization & planning Under-qualified talent Lack of sustained capital
- Wrong ways to communicate your requirements Only relying on competitor software or reference software Verbally telling your requirements to the execution team Defining your software features and functionalities without priorities and order
- Software Design Needs person inputs Heavily influenced by your vision Design iterations are smaller of the order of hours or days Require More communication and meetings TIP: Try to outsource design work onshore so that your team is available in your timezone and you can provide quick feedbacks.
- Software Development Relies on design completely Is planned for weeks and months Longer iterations of the order of few weeks or months Require less communication and meetings with client TIP: You can outsource Software Development to offshore team without much hassle and get weekly updates from them.
- Iterative Product Development for long term Affordable compared with setting up local team however offers similar quality Affordable offshore destinations eg. India or Ukraine Compensation of professionals based on their local salaries Compensation in India is 10x less compared with USA Should hire a local supervisor to hire & manage your team effectively A perfect solution for committed product development
- Good for extremely specialized work like security or infrastructure management Comparatively remote teams are better for general product development Small and Medium agencies spend only 10-20% of their revenue on core engineering while rest on Sales, Operations and Marketing Agencies are unable to hire superior talent and have extremely high percentage of challenged and cancelled projects
- Is he professional qualified enough ? Check his/her work or Education or talk to his/her colleagues or his clients. Does the professional have good communication skills ? Can s/he fluently speak the same language as you. Does s/he understands what you try to convey. Will s/he be proactive enough to bring up any blocking issues to avoid any delays in delivery? Is s/he passionate enough to be as productive as s/he can be?