When starting cooperation with any partner, especially a new one, it’s natural to feel a bit worried. Every businessman wants to avoid risks and put every detail plainly and clearly into the contract.
There are probably still those software creators who remember the necessity to physically attend meetings to "brainstorm" or report on a project's progress.
No business wants to invest in a product only to find no market. For well-known brands like Dropbox, Figma, Uber, etc., developing a Minimum Viable Product (MVP) is a well-liked launch strategy that has been highly successful. Making an MVP first is preferable to hastily coding the next big thing.
The world of IT is boosted with abbreviations. Today, let’s talk about one such abbreviation that stands for the software development lifecycle - SDLC meaning the process of managing a project from conception to retirement.
Effective project management may reduce the wastage of resources and funds. That's why an understanding of the project management life cycle is crucial whether you're working on a small project or a massive challenge with great corporate importance.
Until recently when it came to software development pricing, the two most popular models were the Fixed Price and Time and Material. Each of the approaches has its welfares and weaknesses.
When choosing the model of cooperation with IT company, you should pay attention to opportunities that open this or that pricing model. Among most popular pricing models in IT are Time and Materials and Fixed Price contracts.
Imagine the situation: for several months, all your team is hard at work developing a project. The product is cool, you release a trial version — and suddenly the client says that «it’s just not what he meant».
