What You Need to Know About Software Product Development

What You Need to Know About Software Product Development

Software product development is increasingly becoming a valuable part of our existence as it is now integrated into almost every aspect of our lives. With the high demand for software solutions and products, the software development industry is now among the fastest-growing areas year over year. According to a study done by Gartner, the custom development industry has exceeded $70 billion valuations, currently expanding at a rate of 5 percent per year.

But, it is advisable to follow the ideal process to enjoy the full benefits of software development in your business. It involves following the right processes from the ideation stage through the deployment stage and maintenance. Here we look at all the key things you need to know about the software product development process.

Why Follow the Software Development Process?

Following the proper process in software development offers several benefits to your business. It is a valuable tool in ensuring that a large team of experts is able to work together through a collaborative approach. Adopting such an approach allows you to deliver software products with fewer defects, better value, and shorter delivery times. Thus, it is important to plan, structure, monitor, and control the whole software development process. The process provides numerous benefits, including:

Better communication

The right software development process allows every member to understand the requirements of the project. All the members involved in technical and non-technical activities are able to get the necessary information on what needs to be done at every stage.

Faster identification and resolution of issues

The software development process allows companies to identify issues and come up with resolutions much faster. This helps reduce the chances of costly losses. It also ensures the delivery of solutions that meet the needs of its customers.

Minimize risk

A proper process in software development helps identify potential risks by brainstorming ideas and designing a visual concept. This enables the company looking to develop a software product to avert potential risks in the entire process.

Better product quality

Software development life cycle is a complex process that requires maximum attention. Following the right process in software development helps deliver better product quality as each activity is carefully performed.

Customer satisfaction

The software development process involves conceptualizing ideas, analyzing the requirements, and building visual concepts and prototypes before the actual product. This ensures the delivery of a solution that meets customers’ expectations and needs.

Efficient and improved project control

Since software development involves a step-by-step process, it is easier for the leaders to get regular and timely updates on the progress of the project. It also enables the project manager to identify mistakes or risks in time and respond in time.

Effective use of resources

The software development process involves analyzing the requirements, including time, resources, and estimates. This ensures better use of resources in delivering high-quality software products. 

More accurate estimates

This process enables you to acquire accurate estimates in your project. With more accurate estimates, it is easier to determine the approximate cost, profit, and timeline.

Clear responsibilities

A software development plan should provide a timeline, resource allocation, and the responsibilities of all the members. With clear responsibilities, the development process is able to run efficiently. It also helps avoid delays in product delivery and task prioritization.

Software Product Development Methodologies

Companies may choose to adopt different models in their software development processes, depending on the solution or the available resources. Thus, there are many software development methodologies, and each provides a different set of benefits. Some of the common benefits under these methodologies include enhanced process efficiency, continuous iterations, improved scalability, and minimized risk. The following are the common software product development methodologies used in most software development processes.

Agile Method

This is an iterative approach that involves the creation of new system releases. It helps develop and make a product available to the customers within a few weeks. The agile method allows more features to be tested, upgraded, and later tested after adjusting it according to the customers’ feedback. This methodology helps save time since every team works on a specified task in parallel to others. A parallel approach allows you to check product quality throughout the development process, ensuring that it meets the specified requirements.

Pros

Allows transparency among the team members as it promotes direct and frequent communication

Enhances time to market while reducing wastage

Improves software quality by allowing for timely identification of issues and fixing

It allows stakeholders to identify a working product over time

Promotes customer satisfaction by ensuring continuous and rapid delivery of functional software

Allows implementation of last minutes adjustments

Cons

Requires constant communication

It does not emphasize necessary documentation and designing

It isn’t easy to estimate effort

High chances of addition of unauthorized functions or features in a product or the requirements

Increases cost in development as it requires testers in the entire project

Waterfall

The waterfall is among the most popular and earliest methodologies in software development. The method includes a set of sequential steps that include ideation/conception, initiation, project analysis, design, development, testing, implementation or production, and maintenance. Waterfall enables the team to accomplish different goals, which makes it suitable for projects with clear requirements. It also works better for projects where accurate, precise, and detailed documents describe the process.

Pros

It is more effective in projects with clear requirements

Simple to implement and easy to understand

It doesn’t require highly experienced teams or project managers

Help save time in on task implementation

Allows for easy analysis and testing

Cons

Costly and slow

Not ideal for complex projects

High risk

It doesn’t work for projects that require making changes

It doesn’t allow developers to go back and make changes or modification

Scrum

This is somehow similar to the Agile model, but it is usually used to manage the process at the large-scale level. Scrum applies an incremental approach that follows the principles and values of the Agile model. Besides, it also covers additional specifications and definitions by considering critical practices in software development. Most principles in this model come from the Agile model, especially those that are related to fast increments and customer feedback.

Pros

Promotes transparency through daily meetings, which keep communication clear and open to all stakeholders

Decision making requires joint efforts and team collaboration

Allows you to change the direction or scope of the project at any time.

Reduces the time to the market

Requires limited planning

Implementation of changes can be done at little cost

Cons

If members abandon the project, it may lead to an adverse impact

Relatively difficult to adopt the framework for large teams

Lack of individual’s cooperation increases the chances of failure in your project

Requires the expertise of many technologies and tools

Conclusion

In conclusion, the software development process plays a key role in determining the success of the project. But, it is good to understand that it differs from company to company as different organizations adopt various methodologies in implementing their plan. The right methodology should help improve the software development process, allowing the delivery of high-quality products and solutions that meet customer needs. Besides, software product development is a step-by-step process that requires great attention to avoid risks and avoidable losses.

Thanks & Kind Regards,

Thanh (Bruce) Pham

CEO

Saigon Technology Solutions

https://saigontechnology.com

Email: thanh.pham@saigontechnology.com

A Member of Forbes Technology Council 

Mobile: (+84) 913 666 227 

Skype: tienthanh.pham (Thanh Bruce Pham). 

Known for his amazing writing and technical blogging skills, Edward Thompson is the admin of the Techenger. Joined back in 2019, after moving from San Francisco to Chicago to switch from his role of staff writer to a guest blogger. Since then, he never looked back to his past. In nutshell, he is a tech enthusiast who loves to write, read, test, evaluate, and spread knowledge about the growing technology that surrounds mankind.

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