How Does A Detailed Discovery Phase Before Custom Software Development Benefits You?
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How Does A Detailed Discovery Phase Before Custom Software Development Benefits You?
The heart of every successful product in the world today is the result of research done for months and years. The relentless hard work and efforts behind developing it prove to be fruitful in the long run. It is the backbone without which no product can survive in this ever-evolving market. The same philosophy is also applicable even in the world of Information Technology. Research done by McKinsey found out that 45% of Information Technology projects consistently exceed the estimated amount.
The more one digs deeper, the better the result. In layman's terms, what we call research is the discovery phase for software development. Over the years, it has proved to be an effective method. The preliminary stage is where the custom software development team does an in-depth analysis before the work starts.
The ever-increasing market of customer-based industries in the New York area has given birth to the demand for custom software development. Software is the core engine that keeps a company running. Without it, a company is just like a ship without radar. For someone, who has hired a software development company or is about to hire one, the discovery phase is the primary stage as it will lay the framework for the future of his software. A discovery phase focuses on four primary areas- the problem, the need of the users, the solution that custom software can deliver, and the estimated budget required to complete the project.
This article will discuss the benefits of going through a detailed discovery phase and why it plays a crucial role in agile app development.
Risk Mitigation
As per research, one out of three software projects fails due to missed deadlines, underestimated budgets, unrealistic expectations, and poor planning. A discovery phase entails a careful evaluation of all these factors. It offers a blueprint of the estimated project completion date, budgets, and team size required. Hence, the probability of risk reduces significantly.
Sorted Finances
The primary stage of assessment in the discovery phase is crucial. One must give special attention to the financials. The final cost of development will help to finalize the budget for the project. A discovery phase tells you the exact price so that no unanticipated costs pop up during the developmental stages. In some cases, the estimated cost of the project also goes down after a detailed discovery stage.