Whether you are a budding startup or an established organization, in the modern-day business world cost-effectiveness always remains a priority. This rule is applicable especially to your business if you are thinking of developing an app.
We are aware of the fact that there is increasing competition and advancements in technology in the IT sector. Therefore, it is obvious for the companies to find cost-effective ways to build their Minimum Viable Product (MVP). Yes, ways to reduce the software development cost of MVP are essential as it will allow the company to focus its resources on other aspects of app development.
Therefore, in this blog, we will cover the factors that drive the cost of software development. After that, we will see the tried and tested top 11 ways to reduce software development costs. Moreover, our readers should note that in none of the below-mentioned tips, the quality of the product will be sacrificed.
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Factors that are responsible for software development cost
There are several factors that influence the total cost of software development. Although MVP is a small portion of the actual app, these factors will be applicable to that as well.
The complexity of the app
It is a straightforward fact that if the mobile app is complex, there are fewer ways to reduce its cost. Thus, it becomes important for IT business owners to define their requirements before the developers begin the development process.
There are other sub-factors that determine the complexity of the app viz. external integration and internal integrations. Along with the complexity, the newness of the applications becomes a hurdle in reducing the software development cost.
Total features of the app
The more the features, the more will be the cost of software development, it is a direct equation. The whole point of launching an MVP is to provide an idea to the users about how the app would be. So if the number of core and critical features is more, it will increase the cost of MVP.
Size of the team
The size of the team will be a major roadblock in reducing software development costs. Moreover, if the level of communication within the team is poor, it will cause delays and increase the cost. So, the onus is on the IT business owners to hire software developers that are best for the product.
Here are the top ways by which you as in IT business owner can develop MVP in a cost-effective way:
1. Always prefer open source solutions
2. Cross-platform development should be your choice
Every business has a dream to expand with least development cost, and cross-platform app development allows that. To reduce the cost of software development, look to use tools such as React Native and Xamarin. These cross-platform development tools will operate skillfully on iOS and Android and also create a separate codebase for each OS.
3. Use CI and CD
Continuous Integration (CI) and Continuous Deployment (CD) will ensure to reduce the cost without sacrificing product quality. With the help of error detection and rapid code updates, CI/CD assists the developers to fix bugs. With this, there is an acceleration in the speed of product updates. Therefore, using CI and CD will ensure:
· Enhanced software quality
· Improved time to market
· Reduction in cost
4. Focus on starting early testing
It is always beneficial as a business organization to find the fault in your product at an early stage. Thus, engage your quality assurance team with the MVP as early as possible. Regular testing will enhance the development cycle along with being pivotal in reducing the cost of software development. It will also eliminate tiring hours of complete rework that lead to project delays.
5. Choose a leading and trusted software development company
We are including this point in the middle, as a good software development company is a fulcrum of everything. We recommend checking the previous work experience of the company and their reviews before finalizing them. Investing that extra time on finding a quality IT software development partner can reap your rich results.
6. Understand the features you wish to include
Going without a clue related to the features of the MVP can cost you dearly (literally). Thus, it is critical for the business organization to be sure of the must-have features. More importantly, they must be brave enough to not include everything in the MVP. Poor prioritization of the features will obstruct you from reducing software development cost.
7. Have clear tasks and ambitions
The business owners must know that the software development company is as good as the instructions they receive. Thus, it is for the clients to have a well-crafted product vision and a business model so that they can communicate everything easily. This is because having a well thought vision will help them set realistic goals.
8. Opt for outsourcing the development process
Outsourcing the app development project will help you save a fortune on:
· Training the staff
· Recruiting an in-house team
· Rent or manage their work space
Moreover, outsourcing the app development project will allow to set project goals and distribute the tasks easily. In addition, you will have a larger pool of talent to choose from. Outsourcing s will reduce software development cost.
9. Have a well defined management approach
The most widely used project management approaches are Lean, Agile and Waterfall. Out of these Waterfall methods are cheaper but it increases the time to market. In contrast, Lean and Agile Methodologies are expensive, but will reap rich ROI for the businesses.
10. Always have backend as a service solution
Backend as a Service (BaaS) will ensure that the time required to build the MVP is reduced considerably. This solution also effectively implements the components that are commonly used without reinventing them. Moreover, to reduce software development cost, devote BaaS solutions to create high-quality client side for your app.
11. Importance of design systems
As a business organization, you must not compromise on the quality of UI/UX design. Opt for design systems so that you don’t have to design MVP from scratch.
The design systems are CSS and HTML interfaces that are ready to use. Applying design system will also accelerate the design process and reduce cost of software development.
Summarizing the content
There are effective ways to reduce the software development cost without compromising on the software quality. MVP development will pave the way for the success of their app, so it has to be on the money. Thus, follow the above-mentioned tips and develop an MVP without digging a hole in your pocket.