Defining Software Development Cost: 3 Key Stages

This factor is highly correlated with the previous one. In practice, no project can be completed without a developer, QA tester, and project manager. Even for the tiniest initiatives, the same person may be involved. However, for large and corporate projects, dedicated in-house or outsourcing teams are essential.

Aside from a clear vision of the type, size, and team, software development cost evaluation should include evaluating expenses in three additional critical areas.

• Ballpark Figure
• Budget Projection
• Statement of Work
• Ongoing Cost Assessment