How to Accelerate Software Development – Avoid Cutting Corners When It Comes to Quality
Measurable return on investment (ROI) is an important financial measurement to gauge how effective your business is going to be at delivering the highest profit & output. Many software development companies offer varying measures of ROI to help businesses evaluate whether they are getting the value of their money. The purpose of software development is first to generate revenue from existing processes or, at least, recoup the initial investment made in the software when improving your processes, operational efficiency, or competitive advantage. For example, if you purchase software that enhances your warehouse management system, then you are most likely to realize greater value for your money in terms of increased productivity and cost-effectiveness.
Technical Debt is another way to judge the ROI
for software development. Technical debt refers to how much money you have spent in-between the time that the software development project started and the date that it is completed. There are two types of technical debt: a long-term technical debt that lasts several years; and a short-term technical debt that is incurred during a period of rapid growth. Long-term technical debt tends to reflect longer development cycles, greater expenses, and larger time periods involved before a product is delivered. On the other hand, short-term technical debt reflects smaller cycles, shorter development cycles, and smaller expenses.
Long-term technical debt can lead
to a significant decrease in your profitability, and eventually to bankruptcy. Long-term technical debt is always bad news for companies with significant recurring revenues. In reality, it is usually a sign that something is wrong – if a company cannot afford to pay its bills, then something is wrong! For this reason, it is never a good idea to spend money on something that you know you cannot pay back and will, therefore, run you into bankruptcy in the end.
When it comes to cutting corners
it is always bad practice to try to cut corners when it comes to the quality of the software that you are developing. Remember, the goal is to deliver a high-quality product as soon as possible. Cutting corners when it comes to quality will not just lead to your company being unsuccessful in the long run; it will also cause you to make more technical debt to keep up with the competition. This means that there will be two sets of people (a customer and a developer) paying for your mistakes: you!
There are some things that a developer
can do to ensure that he does not need to make technical debt during his project: stick to a relatively slow development pace. This way, you will have enough time to collect feedback and to make changes if necessary. You should also take the time to look for technical problems instead of searching for issues in the user documentation. This will not only help you reduce costs but will also lead to a better product that will be more user-friendly.
These are just a few ways to develop software faster
while avoiding unnecessary technical debt. By following these tips, you will be able to accelerate the pace of your development. If your budget allows, there is no reason why you should not try to see how developers handle projects of different sizes and complexity.