Completing your software project on time and on budget can be the most difficult task you face when working through your projects budget, scope and timeline. You will need to prioritise and budget whilst keeping your scope as flexible as possible in order for your software project to succeed.
For the best chance of success, you should grow your software solution gradually and increase features as you move forward. The ability to adapt and incorporate changes to your software project as you move forward could be the difference between success and failure and creates the best possible software product.
Work to get an estimate on cost and timescale that you’re happy with. It makes sense to have a range of the best to the worst case. You need to carefully manage your scope to create the best software product for your budget and timescale.
To achieve this you need to be ruthless when prioritising the work. Work should be undertaken in a close-knit partnership between you and the software development team. Your priorities will become their priorities and they will work with you to hone in on the most important pieces of your vision.
Regular meetings should be held to discuss the status of the project and re-prioritise tasks based on your original vision statement and any changes to requirements based on any unforeseen changes since the project was started.
For example, a change in legal requirements could mean that you have to do something different with your software solution that you weren’t aware of when you started. In these meetings, the software development team must be transparent about the budget, the time consumed and the progress made towards the completion of your project.
Frequent budget oversight is essential in preventing budgets from getting out of hand. A 10 percent budget overrun is far easier to correct than a 50 percent overrun, and if you don’t keep a close eye on your budget and re-forecast, that 10 percent overrun can become much bigger extremely quickly.
At Wolf Group, we work with our clients because we believe in their business, ideas and values. We want to see you succeed and will do everything in our power to make that happen so that we can continue to work together whilst you feel assured that you’re receiving the highest quality service and products.
Our team have decades of experience in successfully creating bespoke solutions for businesses and organisations across a range of industries, Get In Touch to discuss your vision for a solution which will transform your business.