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Businesses are increasingly investing in development. In the last four years alone, the amount of investment in creating their own digital products has increased by 80%. At the same time, it is not always profitable to hire an in-house development department to launch them; many companies outsource tasks — today the market volume is already estimated at $617.69 billion.

However, an entrepreneur can easily miscalculate in planning their internal work deadlines and the company's budget if they do not know how the vendor estimates the necessary deadlines and the cost of the future IT product. Anton Fokin, CEO & founder of QTIM, tells us what you need to know to minimize such mistakes.

Pre-project preparation as the most important stage brazil whatsapp phone number of planning
Preliminary preparation and requirements gathering is the most reliable way for the client to know what budget and how much time is needed to launch the product. If it is not done initially, the risks of missed deadlines and increased costs in the future will be higher.

This happens because new tasks that were not previously taken into account may be identified during the work. For example, if the client's business goals require more functionality than the one he initially requested from the vendor.

A whole team of specialists is involved in the assessment and planning: managers, designers, analysts, IT architects, testers, programmers and team leaders.

Their work will be included in the estimate, usually it is 5-10% of the customer's total development costs. If the vendor carries out this stage for free, there may not be enough time to study the project in detail, so he may simply not understand the client's tasks and start working on "made-up" goals.

In addition, already at this point the entrepreneur receives the first prototypes, CJM, information about what technologies will be used in the project and much more from the team. These developments help to build the "skeleton" of the future project and set the direction for the next stages of work.

If the customer's budget is very limited, the vendor may offer an alternative way to save money - to refuse the least priority part of the pre-project research, but not the entire stage. For example, if the client has been working with the product for a long time and knows its users well, it is not necessary to conduct additional target audience analysis for it.