table of contents
Budgeting is an integral part of a software development project and effective project management ensures that not only is the delivery of a software timely, but is also within budget. A major component of the triple constraint, the cost can be the deciding factor of whether the company wishes to go ahead with the project or not.
From the trinity of cost-schedule-scope, costs drive all other factors. A company that ensures that the project is of high quality, is delivered in time and is under budget will be highly sought after.
Usually, as a project is envisioned and scheduled, the costs of the project are variable and the durations fixed. However, as soon as the budget is approved, the cost of the project becomes the utmost priority. The reason for this is that once costs for the project are approved it can be challenging to get the program sponsor to increase the budget. The effort is then shifted to focus on reducing costs to stay under budget.
The cost efforts are then employed at the project level where cost-schedule-scope remains in equilibrium and the project manager has the authority to make necessary adjustments.
Costs of a project can be an in-house or third party. Recurring third-party costs, however, is challenging. The first and foremost method to reduce project costs is to find cheaper contracts.
Soliciting proposals from not one, but several bidders can help you keep costs down, ensuring that you receive maximum value for your set amount. Negotiation with finalized bidders can also drive costs down, however, reduction in cost should not directly impact quality.
In-house cost reductions are many. In a project that is cloud-based, the following can help you reduce costs:
Third party integration tools:
Cloud-based third-party integration tools are often contracted to be used on a pay-per-use basis. Using the live server for approved updates and using the dev servers for final testing only can reduce costs. Using simulators can drive costs even lower. Using dev, beta and test servers for fixed intervals can curb unnecessary payouts to third-party providers.
Notification services:
SMS messages and e-mails are increasingly being used for notifying users about any changes made to the system or for validating changes they make. Triggering SMS messages and e-mails only when needed prior to final deployment can curb unnecessary spending.
External support services:
Supportive services that help you run an application should not be always on in test environments. Using local machines and running simulators can help reduce costs for external support services.
Backups:
Live backups and skeletal backup services can significantly increase costs. As backups require space, they can significantly increase the disk usage of the server, raking up costs for scalable systems that are billed dynamically. Live backups should only be used for production servers. Clearing the backup history of live servers after a month can also help clear up old, unwanted data. This data can, however, be stored in the system using an offline backup system.
Reducing deliverable frequency:
Providing the customer with only key items instead of each iterative item can reduce costs drastically. If the client is only offered products at fixed milestones, for example when a Proof-of-concept is created or when a minimum-viability-product is ready. Multiple iterations being deployed to live servers cost a lot and can rake up bandwidth, space, and other third-party pay-per-use costs.
Contingency planning:
Risk Management planning is a very important part of project planning. Contingency plans are always prepared to deal with risks that may have a high impact but have a low probability of occurrence. Mitigation plans are prepared for risks that have a higher impact and a high probability of occurrence. Essentially, you need to prepare better risk management plans for items with a higher impact.
Constant tracking:
Looking after your project is essential. What is not quantified cannot be improved. All tasks must be tracked constantly to ensure the highest standards of quality and to plug any leaks.
Outsourcing non-core capabilities:
We know ourselves the best. If you find a vendor that can offer the solution you want at a lower cost-to-market rate than you can yourself, outsource that solution if it does not impact quality.
Automating project management:
A recent report by Software Advice stated that nearly 60 percent of small businesses were still using manual methods, no project management software or nothing at all to manage projects. While there is an upfront cost for PM tools, the long-term benefits eventually outweigh the actual costs that businesses incur due to manual methods. Automated project management ensures optimal utilization of resources, automates and organizes processes and ensures that deadlines are met.
Move to Agile processes:
Agile processes can help organizations of all sizes and all departments to be able to respond to constituents quickly as they are directly connected to them. Agile helps SMBs achieve more with less. With a constant view of the distance from deliverable, you can ensure that you are able to manage to keep your project under budget, yet within timelines.
Not being able to achieve cost-schedule-scope goals requires making changes at the business level of authority, and that requires approval from key stakeholders, e.g. project sponsors. Understanding and applying the project-level and/or business-level tools of the trade for decreasing cost is an important activity for all projects and all companies that wish to keep the ongoing costs of development low.
post tags :
3,227 Comments
Comments are closed.




Great blog! Do you have any helpful hints for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any suggestions? Many thanks!
Thanks for helping out, excellent info. “Considering how dangerous everything is, nothing is really very frightening.” by Gertrude Stein.
where to buy minoxidil without a prescription – oral dutas order propecia 5mg
leflunomide uk – cheap risedronate cheap cartidin
Nice weblog here! Also your site so much up very fast! What web host are you using? Can I am getting your associate link to your host? I desire my web site loaded up as fast as yours lol
rogaine without prescription – minoxidil price buy finasteride 1mg online
buy verapamil generic – purchase valsartan sale buy generic tenoretic
atenolol 100mg drug – tenormin medication coreg 25mg us
buy cheap gasex – ashwagandha oral diabecon pills
atorlip over the counter – buy bystolic 20mg without prescription buy bystolic 5mg pill
buying prescription drugs in mexico [url=https://foruspharma.com/#]pharmacies in mexico that ship to usa[/url] mexican rx online
https://canadapharmast.com/# canadian pharmacy ratings
purple pharmacy mexico price list: mexican pharmacy – mexico drug stores pharmacies
india online pharmacy [url=http://indiapharmast.com/#]india pharmacy[/url] top 10 online pharmacy in india
https://foruspharma.com/# purple pharmacy mexico price list
precription drugs from canada [url=https://canadapharmast.com/#]best canadian pharmacy online[/url] reddit canadian pharmacy
northern pharmacy canada: canadian pharmacy uk delivery – best canadian pharmacy to order from
http://canadapharmast.com/# canadian pharmacy ed medications
best online pharmacies in mexico [url=https://foruspharma.com/#]mexico pharmacies prescription drugs[/url] mexican drugstore online
mexico pharmacy: buying from online mexican pharmacy – best online pharmacies in mexico
mexican border pharmacies shipping to usa: medicine in mexico pharmacies – mexico pharmacies prescription drugs
order lasuna online cheap – order generic himcolin cheap himcolin for sale
paxlovid for sale: paxlovid pharmacy – paxlovid covid
https://amoxildelivery.pro/# buy amoxicillin canada
doxycycline prescription uk [url=http://doxycyclinedelivery.pro/#]buying doxycycline uk[/url] doxycycline 110 mg
It is actually a great and useful piece of information. I¦m happy that you simply shared this helpful information with us. Please keep us up to date like this. Thank you for sharing.
https://paxloviddelivery.pro/# п»їpaxlovid
http://clomiddelivery.pro/# can i get generic clomid pills
get clomid without rx [url=http://clomiddelivery.pro/#]where buy generic clomid online[/url] how can i get cheap clomid no prescription
https://doxycyclinedelivery.pro/# doxycycline over the counter singapore
norfloxacin over the counter – buy flutamide no prescription buy cheap confido
http://ciprodelivery.pro/# buy cipro online
buy cipro online canada [url=http://ciprodelivery.pro/#]cipro ciprofloxacin[/url] buy cipro cheap
buy cipro online without prescription: buy cipro online canada – buy cipro
http://clomiddelivery.pro/# buying generic clomid
http://clomiddelivery.pro/# where can i get cheap clomid for sale
paxlovid generic [url=https://paxloviddelivery.pro/#]buy paxlovid online[/url] paxlovid generic
how to get generic clomid no prescription: cost of cheap clomid no prescription – order cheap clomid without a prescription
https://clomiddelivery.pro/# where to buy cheap clomid without dr prescription
Paxlovid over the counter [url=https://paxloviddelivery.pro/#]paxlovid price[/url] paxlovid generic
get generic clomid without dr prescription: can i buy cheap clomid for sale – how to get clomid without insurance
https://amoxildelivery.pro/# how to get amoxicillin
doxycycline 100mg price south africa [url=https://doxycyclinedelivery.pro/#]doxycycline prices[/url] buy doxycycline without prescription
http://paxloviddelivery.pro/# Paxlovid buy online
http://clomiddelivery.pro/# how to get generic clomid tablets
where can i buy clomid without prescription [url=http://clomiddelivery.pro/#]can you buy clomid without a prescription[/url] can you buy cheap clomid without dr prescription
ciprofloxacin 500 mg tablet price: buy cipro online without prescription – ciprofloxacin order online
doxycycline tablets canada: doxycycline pills price in south africa – how much is doxycycline in south africa
doxycycline 20 mg: price doxycycline – cheap doxycycline online
finasteride drug – finasteride order online uroxatral 10 mg drug
speman where to buy – brand finasteride buy finasteride medication
I have not checked in here for a while since I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend :)
http://mexicandeliverypharma.com/# pharmacies in mexico that ship to usa
mexico drug stores pharmacies [url=http://mexicandeliverypharma.com/#]mexican rx online[/url] buying prescription drugs in mexico
mexican rx online: purple pharmacy mexico price list – mexican drugstore online
mexico drug stores pharmacies [url=https://mexicandeliverypharma.online/#]mexican drugstore online[/url] buying prescription drugs in mexico
mexican drugstore online: reputable mexican pharmacies online – mexican rx online