6 Ways to Effectively Manage Your Software
Development Risk
Most people would prefer to pay more to a local
company rather than take the risk associated with outsourcing to a company sitting
thousands of miles away, in a different country.
Is this more of a perception than a factual
reality since many a case of failed web enabling projects happen with local vendors?
Can this risk be effectively
managed?
From web site consultation and our experience with dealing with more than
70 customers worldwide, here are 6 ways that help us to effectively reduce your risk.
1.Use of efficient web technology for future proof
solutions and web master resources. XML transforms existing IT systems into e-business systems allowing information
to flow seamlessly throughout your corporation.
2. Break down the project and schedule payment
and thus break down risk. To manage the risk better, break the project as well as the
total project costs down into various phases. The key here is to identify discrete
deliverables at the end of each phase. Each deliverable will be signed off by the client
if found acceptable and complying to the specified requirements. The client will make a
payment against each sign off.
3. Go, No-go : The client has the prerogative to
declare a go or a no-go after each deliverable is presented, according to whether the
deliverable conforms with the requirements specified in the requirements document. This
way, we place the client in a position of control.
4. Reduce risk by starting with a
business-prototype. Take 5 % of the ebusiness process and web-enable it and analyze the
results before continuing.
5. We can beat any legitimate European or
American bid and reduce your exposure. Lower cost is lower risk.
6. Good Process and Documentation: Good processes
and documentation help considerably in managing risk. Requirements and Change management
process is a good example. Remember for instance that whenever requirements and subsequent
changes to these requirements are not managed well, in the development process, we are
adding to the risk.
There are distinct advantages in being a remote
service/solution provider. It demands for communication being clear, processes being
defined upfront and documentation being concise and accurate. Remote planning, design and
execution, therefore require different skills from the developer, and even at times the
client. we have proved that this is indeed a very rewarding, win-win model for the
clients we serve as well as ourselves.
Feel free to discuss your requirements with us
immediately.simply email me at mktg@kvcindia.com
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