Cost, Scope, Time – Prioritising Crucial Elements of Software Development

Elements of Software Development

Developing software’s consists of several constraints at several stages. Managers need to evaluate and use each constraint efficiently according to the levels of difficulty levels for effective decision making and successful project outcomes. The ideal application for these constraints will eventually include an efficient and working software taking into account the ideal prioritization of the important elements.- the budget, scope and time.

TIME

We all think of time as money. Time is every minute counts. The more the time used to deliver a project, the more the money it costs.  Contrary to all this, you have to manipulate your needs by broadening the project scope as time increases or if you want to catch up on the process, you can boost the cost or minimize the number of features.

SCOPE

It is essential to decide the scope of the project before the start of the project as the important decisions depend on scope and if not done properly, then you can have a horrible outcome for the project. If you want to increase the scope of the project, there will be increase in time and the budget as well.

BUDGET

When it comes to being the project manager, you have to know how much you have to spend on a software. So, if you need a delivery model with super advanced features then you have to prepared to dish out a huge lump sum of money and spend more time. On the other hand, if you want to reduce the costs, then the scope and time will reduce as well.

Evaluation importance to look for an Answer

It is time we defined and set the estimates for the project and decide upon the best methods to create the software within a limited budget, time and scope. Nevertheless, when it comes to evaluating the need for changing the customer demands into technicalities, we have to answer a couple of important questions needed to use the needed features like for instance:

  • How long will it take to implement the needed features? 
  • How will the manpower be used taking their expertise and specialties into consideration? 
  • What is the cost taking the time and scope into consideration?
  • Will there be any sort of technical difficulties?
  • What are the best ways of avoiding risks?