Goodcore Software - Software Development Cost

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Goodcore Software Pvt ltd

• Software Development Cost
• Visit https//www.goodcore.co.uk/company/pricing/

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COSTS FOR BUILDING BESPOKESOFTWARE PRODUCTS

• Money matters! Spend it wisely! We help build
  bespoke software products on budget and on time,
  all in a cost-effective manner.

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ALL APPS ARE NOT EQUAL

• Factors Impacting Bespoke Software Development
  CostsJust like everything else in life, all apps
  are not equal either. They differ based on the
  following high-level characteristics
• Technical Complexity
• If your app is scientifically complex, it would
  add a lot to your costs. Complexity could be a
  real-time collaboration between users of the app,
  video functionality with no lag, process flows
  with a lot of dependencies, etc.
• Features Functionalities
• The number of features you want is the biggest
  cost driver. Screens, buttons, fields involved,
  and the amount of logic required can cause
  software development prices to change
  drastically.
• Third-Party Integrations
• Integration with third-party software systems
  such as payment gateways, maps, ERPs, or CRMs
  affect software development costs. Some of these
  integrations are straightforward but others can
  get complex and time-consuming
• Custom Design
• Custom user interfaces are rather complex to
  implement, so the cost of a custom interface will
  be higher than the cost of an interface built
  from standard components or with no design at
  all.

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COMPONENTS OF SOFTWARE DEVELOPMENT COSTS

• There are 4 majors cost components of any
  software development project, and each one of
  them carries a different weight in the total
  costs. Each one is a critical item and important
  for a successful product development effort. The
  following is a rough idea of the cost
  distribution for these major factors based on
  fixed-cost projects.

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AVERAGE COSTS OF SOFTWARE DEVELOPMENT

• On average, the cost of a bespoke software
  development project, based on its size and
  complexity, could fall in the range of
• Small project 10,000 35,000
• Medium-sized project 40,000 65,000
• Large project 70,000 and above
• The actual software development cost, as you can
  imagine, would depend on many factors and can
  only be scoped after a detailed discovery
  exercise with you. Also, small/medium/large are
  very relative terms and could mean different
  things to different people the estimates
  mentioned above are meant to give you an idea,
  based on our experience of delivering numerous
  projects over the last 15 years.

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ADVICE PHASED APPROACH

• Software development is an iterative process
  you dont have to do it all in one go. Our advice
  for you is to choose a phased development
  approach.
• You can start out with an MVP (Minimum Viable
  Product) that features all the things that
  absolutely must be in the application to test the
  market out. Follow that with Phase 1, which adds
  more important features based on users input.
  Additional phases can be added as and when
  needed.
• Prioritise
• Budget
• Rethink
• Adjust
• IncorporateFeedback
• Prioritise the features for your product.
  Allocate the most time, attention, and budget to
  things that matter most.
• A phased approach makes budgets easier to cope
  with and gives you a chance to rethink based on
  different factors.
• Once your users start using the software,
  priorities will change. A phased approach lets
  you adjust the features that need to be added
  next.
• Your product idea might alter or completely
  change based on what you are learning from user
  behaviour and response. A phased approach will
  help you deal with this very efficiently.