When a company decides to develop software, there are three significant factors to consider:
Everything starts with a question:
What problem does the company need to solve or address?
The reasons to build the software might include:
The real question is:
How much time does it take to build the software?
If the answer is 20 years, you have a problem. Many things can change in 20 years, including markets, clients, and legal restrictions, as well as the problem itself.
The software must be ready to use in a reasonable period of time.
We must also address the question:
How much does this cost?
The software might be beneficial. However, it has to be created within a budget. A business does not have unlimited funds.
If money is spent on a costly program, it cannot be utilized for anything else that might benefit the company even more than the new software.
Clients expect a high-quality product with a lot of features. They want it cheap and they want it immediately.
Most people pick two of these priorities. It’s possible to address all three, but it is a matter of differing quantities.
The rules are represented as a triangle to affirm that they are interlinked. If time-to-market is essential, for example, you may need to put more resources into the project in order to launch sooner. In exchange, you may have to accept a higher price.
If you want to prioritize saving money, you may utilize a smaller team. As a result, you may end up with a longer timeline.
Another option might be to give up some of the application’s functionality to save both money and time.
Note: If it takes too long or costs too much to address it completely, remember that solving 80% of the problem is usually preferable to not solving it at all.
When a company decides to take on a new project, it must answer three questions.
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