How to Keep Your Development Project on Budget

Crowdfunding

Are you developing a new app for your business?

During a development project, additional expenses have a way of sneaking up on us seemingly out of nowhere.

In order to prevent going over your budget, you really have to stay on top of certain aspects of the project to make sure that you don’t spend too much money without really being aware of it.

Remember that an app development project is very expensive, even if you’re only attempting to build an average application. In total, you could end up spending anywhere from $100,000-$500,000 just to develop the first generation of your app.

So staying on budget is definitely going to be one of your main concerns. With that said, we will now take a look at some tips that will make it easier for you to prevent your project from going over budget.

1. Planning Ahead

When you plan out your development project well in advance, you’ll have an easier time communicating why your app is so important. But not only that, by knowing your why, you’ll be able to figure out the specific design of your app without needing to make any major changes down the line that will cost additional money during the development phase.

Good communication and proper planning is a great way to prevent any unnecessary or unexpected issues from arising. So sit down with the entire development team before you even begin attempting to develop the app. Ask all of the appropriate questions and make sure the entire team is on the same page with all aspects of the project.

When you plan ahead to this degree, you’ll be able to stop any development nightmares from rearing their ugly head when you least expect them.

2. Error Monitoring

Now that all of your plans are in place, it’s time to begin the development process. During this process, the best way to prevent programming failures is to implement a process of error monitoring that you keep track of throughout the length of the project.

Why error monitoring?

By having an error monitoring system in place, you’ll never have to worry about going back to fix problems because you’ll be able to catch them right on the spot. This will seriously help the entire team to stay on budget.

3. Outsourcing Important Niche Development Roles

By outsourcing parts of the business during the development phase, your company will have the opportunity to bring in highly skilled experts to accomplish certain parts of the project without having to put them on your full time payroll. There’s no point hiring a full-time employee for a part-time job.

Plus, it takes significant time, money, and resources, to train a new employee to perform at the level that you need them to work. When you bring a specialist into the fold via outsourcing, you’re bringing one or more people into your business with the knowledge, skills, and understanding of their job.

This will require very little hands-off training from you and your staff.

4. Crowdfunding

Let’s say you’ve achieved the worst possible budgetary outcome and you’ve gone through all of your existing capital for your project. Instead of leaving a half finished app due to lack of funding, it’s time to take advantage of a free fundraising website to raise money to complete your application.

By using free crowdfunding, you’ll be able to share your project with the rest of the world and if you can convince people of its value, they’ll gladly fund your project so that you can complete the development process. So don’t fear going over budget, because crowdfunding websites can save the day.

If you’re worried about your development project going over budget, please utilize these tips to prevent the worst outcome from potentially happening.

About the author: Wendy is a super-connector with OutreachMama and Youth Noise NJ who helps businesses find their audience online through outreach, partnerships, and networking. She frequently writes about the latest advancements in digital marketing and focuses her efforts on developing customized blogger outreach plans depending on the industry and competition.

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