Pointers To Keep In Mind While Reducing Costs Of An Ongoing Project
Pointers To Keep In Mind While Reducing Costs Of An Ongoing Project - Volumetree

Pointers To Keep In Mind While Reducing Costs Of An Ongoing Project

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.


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.


473 thoughts on “Pointers To Keep In Mind While Reducing Costs Of An Ongoing Project”

  1. Aw, this was a very nice post. In idea I would like to put in writing like this additionally – taking time and actual effort to make an excellent article… but what can I say… I procrastinate alot and by no means appear to get something done.

  2. Hi, i feel that i noticed you visited my website so i came to “go back the choose”.I’m trying to to find issues to enhance my site!I guess its ok to use some of your concepts!!

  3. Howdy are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any html coding expertise to make your own blog? Any help would be greatly appreciated!

  4. We stumbled over here from a different web address and thought I should check things out. I like what I see so i am just following you. Look forward to looking over your web page repeatedly.

  5. indian pharmacy [url=https://indiaph24.store/#]buy medicines from India[/url] buy medicines online in india

  6. canadian drug [url=https://canadaph24.pro/#]Large Selection of Medications from Canada[/url] canadianpharmacy com

  7. This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.

  8. Hello There. I found your blog using msn. This is a really well written article. I will be sure to bookmark it and return to read more of your useful information. Thanks for the post. I will certainly comeback.

  9. where can i buy cipro online [url=https://ciprofloxacin.tech/#]cipro for sale[/url] ciprofloxacin over the counter

  10. buying generic propecia without rx [url=http://finasteride.store/#]generic propecia no prescription[/url] buying generic propecia for sale

  11. cost cheap propecia price [url=http://finasteride.store/#]cost of cheap propecia without insurance[/url] order propecia for sale

  12. buy propecia for sale [url=https://finasteride.store/#]buying propecia online[/url] cost generic propecia price

  13. lisinopril 10 12.5 mg [url=https://lisinopril.network/#]prinivil 20 mg cost[/url] buy lisinopril 40 mg tablet

  14. get propecia without insurance [url=http://finasteride.store/#]cost propecia for sale[/url] cost generic propecia without prescription

  15. ciprofloxacin 500mg buy online [url=https://ciprofloxacin.tech/#]buy ciprofloxacin[/url] where can i buy cipro online

  16. Viagra generic over the counter [url=https://viagras.online/#]Cheap generic Viagra online[/url] Cheap generic Viagra

  17. Viagra online price [url=https://viagras.online/#]Cheapest place to buy Viagra[/url] Generic Viagra online

  18. Generic Cialis price [url=https://cialist.pro/#]Generic Cialis without a doctor prescription[/url] Buy Tadalafil 5mg

  19. indian pharmacy [url=http://pharmindia.online/#]online shopping pharmacy india[/url] online pharmacy india

  20. reputable indian online pharmacy [url=https://pharmindia.online/#]Online medicine order[/url] reputable indian pharmacies

  21. mexican pharmacy [url=http://pharmmexico.online/#]medication from mexico pharmacy[/url] buying from online mexican pharmacy

  22. canadian pharmacy price checker [url=http://pharmcanada.shop/#]canadian pharmacy ed medications[/url] canadian pharmacy online

  23. canada drugs without prescription [url=https://pharmnoprescription.icu/#]online medicine without prescription[/url] order medication without prescription

  24. amoxicillin without a prescription [url=http://amoxila.pro/#]amoxicillin 500 mg tablets[/url] buy amoxicillin online with paypal

  25. neurontin without prescription [url=http://gabapentinneurontin.pro/#]neurontin tablets no script[/url] neurontin cap 300mg

  26. amoxicillin discount [url=http://amoxila.pro/#]order amoxicillin online no prescription[/url] can i buy amoxicillin online

  27. neurontin 300mg caps [url=http://gabapentinneurontin.pro/#]buy brand neurontin[/url] neurontin buy from canada

  28. amoxicillin 500 mg price [url=https://amoxila.pro/#]buy amoxil[/url] where to buy amoxicillin 500mg without prescription

  29. doxy 200 [url=https://doxycyclinea.online/#]price of doxycycline[/url] buy doxycycline without prescription uk

  30. prednisone 50 mg prices [url=https://prednisoned.online/#]prednisone for sale[/url] where can i get prednisone over the counter

  31. zithromax prescription online [url=http://zithromaxa.store/#]can you buy zithromax over the counter[/url] zithromax 250mg

  32. prednisone for dogs [url=http://prednisoned.online/#]80 mg prednisone daily[/url] prednisone 30 mg tablet

  33. buy zithromax online with mastercard [url=http://zithromaxa.store/#]zithromax 500mg price in india[/url] zithromax cost australia

  34. prednisone 1 mg tablet [url=https://prednisoned.online/#]prednisone 2.5 tablet[/url] prednisone 10 mg canada

  35. how to get neurontin cheap [url=http://gabapentinneurontin.pro/#]neurontin 300 mg mexico[/url] neurontin 300 mg mexico

  36. amoxicillin brand name [url=http://amoxila.pro/#]cheap amoxicillin 500mg[/url] how to buy amoxycillin

  37. buying from online mexican pharmacy [url=https://mexicanpharmacy1st.online/#]mexican mail order pharmacies[/url] medication from mexico pharmacy

  38. buying from online mexican pharmacy [url=https://mexicanpharmacy1st.shop/#]buying prescription drugs in mexico online[/url] mexico pharmacy

  39. mexican drugstore online [url=https://mexicanpharmacy1st.shop/#]mexican pharmaceuticals online[/url] buying from online mexican pharmacy

  40. mexican drugstore online [url=https://mexicanpharmacy1st.shop/#]mexican border pharmacies shipping to usa[/url] mexican rx online

  41. mexico drug stores pharmacies [url=http://mexicanpharmacy1st.com/#]buying prescription drugs in mexico online[/url] mexico pharmacies prescription drugs

  42. mexican border pharmacies shipping to usa [url=https://mexicanpharmacy1st.online/#]mexican rx online[/url] pharmacies in mexico that ship to usa

  43. п»їbest mexican online pharmacies [url=https://mexicanpharmacy1st.shop/#]mexican border pharmacies shipping to usa[/url] mexico pharmacy

  44. mexico pharmacy [url=https://mexicanpharmacy1st.com/#]mexico pharmacies prescription drugs[/url] mexican mail order pharmacies

  45. mexico drug stores pharmacies [url=https://mexicanpharmacy1st.shop/#]mexico pharmacies prescription drugs[/url] pharmacies in mexico that ship to usa

  46. Hi my friend! I wish to say that this article is amazing, great written and include approximately all significant infos. I would like to peer more posts like this .

  47. propecia rx [url=http://propeciaf.online/#]cost generic propecia no prescription[/url] cheap propecia no prescription

  48. clomid without a prescription [url=http://clomiphene.shop/#]clomid rx[/url] cost of generic clomid without prescription

  49. medicine neurontin capsules [url=https://gabapentin.club/#]neurontin canada[/url] neurontin price uk

  50. buy cytotec over the counter [url=http://cytotec.xyz/#]buy cytotec in usa[/url] buy cytotec online

  51. offshore pharmacy no prescription [url=https://36and6health.shop/#]promo code for canadian pharmacy meds[/url] no prescription needed canadian pharmacy

  52. mexico drug stores pharmacies [url=https://cheapestmexico.com/#]mexico pharmacy[/url] п»їbest mexican online pharmacies

  53. buying from online mexican pharmacy [url=https://cheapestmexico.com/#]mexico pharmacy[/url] mexican online pharmacies prescription drugs

  54. eu apotheke ohne rezept [url=http://euapothekeohnerezept.com/#]beste online-apotheke ohne rezept[/url] online apotheke versandkostenfrei

  55. Farmacie online sicure [url=http://eufarmacieonline.com/#]farmacia online[/url] farmacia online senza ricetta

  56. It’s really a great and helpful piece of information. I’m glad that you shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.

  57. Farmacie online sicure [url=https://eufarmacieonline.shop/#]farmacia online piГ№ conveniente[/url] comprare farmaci online con ricetta

  58. acquistare farmaci senza ricetta [url=http://eufarmacieonline.com/#]farmacia online[/url] Farmacie on line spedizione gratuita

  59. vente de mГ©dicament en ligne [url=https://eumedicamentenligne.shop/#]pharmacie en ligne pas cher[/url] acheter mГ©dicament en ligne sans ordonnance

  60. trouver un mГ©dicament en pharmacie [url=https://kamagraenligne.com/#]kamagra en ligne[/url] pharmacies en ligne certifiГ©es

  61. Almost all of whatever you mention happens to be supprisingly precise and that makes me wonder the reason why I hadn’t looked at this in this light before. This piece truly did turn the light on for me as far as this particular subject matter goes. But at this time there is actually one particular position I am not really too comfortable with so while I attempt to reconcile that with the central theme of your issue, permit me see what all the rest of the visitors have to point out.Well done.

  62. Useful information. Fortunate me I discovered your web site by chance, and I’m stunned why this accident did not happened earlier! I bookmarked it.

  63. Pharmacie sans ordonnance [url=https://kamagraenligne.shop/#]kamagra livraison 24h[/url] acheter mГ©dicament en ligne sans ordonnance

  64. You can definitely see your skills in the work you write. The sector hopes for even more passionate writers such as you who are not afraid to say how they believe. All the time go after your heart. “What power has law where only money rules.” by Gaius Petronius.

  65. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!