Organizations have continued to reallocate a vast sum of their annual budgets toward IT related investments and projects, as the modern private sector becomes more technology-centric with the passing of each day. With such a high volume of corporate expenditures being directed toward mobile-specific pursuits, namely application lifecycle management and development, the risk of failure must be mitigated at all costs.
In many instances, using more advanced supportive solutions that help streamline application-related projects for higher success rates is just the remedy for the threat of failure. ALM remains a central component of business procedures in a core group of industries, while a greater diversity of sectors have continued to enter this arena in hopes of driving up productivity and efficiency while lowering overhead.
The brass tax
WhaTech recently explored some of the common costs that are included in an mobile application development strategy among businesses, breaking down each of the popular areas that will snag budgetary allocations. It is important here to remember that every project will come with its own demands and objectives, while each business should always have a unique line of thinking in place to differentiate its plans from those of its competitors.
This diversity will lead to massive fluctuations in the cost of application development arena, especially when comparing larger enterprises with small and medium-sized businesses. Still, the source did accurately outline some of the more common components of a mobile app management and development program, including points such as deciding on a specific design and the prospect of bringing more staff members on board to improve the project.
According to the news provider, app functionalities and requirements will tend to be a primary consideration among decision-makers, as the combination of objectives and paths toward successful realization of these goals will offer a better idea of total costs. Additionally, WhaTech noted that leaders should first have an idea of what types of categories the mobile app will fit into, and consider the costs of submission upon completion.
In terms of the most common expenditures on apps, there is a large gray area. The source stated that an app can cost anywhere between $1,000 and $250,000 to create, depending on functionality and other aspects.
Maximize ROI, safety
Since the Great Recession, most businesses have focused on dramatically reducing their overhead while simultaneously boosting productivity in efforts to ensure stable financial performances despite economic hardships. With these types of figures floating around the ALM and development arenas, business leaders must ensure that they are taking the most targeted and intelligent steps toward initial deployments and long-term management of these project investments.
With a specialized suite of tools such as Smart Office4DevOps, business leaders will be able to rest assured that their developer teams have all of the tools they need to adequately cover requirements management. When this aspect of app development and management is at an optimal level, the chances of failure – and subsequent financial losses – can be reduced.