One of the most challenging things to do in custom software development is determining how long and how much amount it will take to deliver a new software product. But the question is, should it be so hard?
Software development cost estimation is inherently tricky, keeping the fact that “no projects are the same” in mind. Every product development is unique in what it sets out to achieve; it’s unique in the myriad of parameters that form its existence.
Another substantial factor in custom software development is understanding cost and duration in making strategic business decisions. Whether you are a startup or an established enterprise, know that the timing, return on investment, and benefits you make can either make or break your software development.
Your software development project cost may vary from $10,000 – $200,000 depending on the certain other factors that we are going to talk about.
Not just the cost range, there are certainly hundred more questions to answer when talking about custom software development cost estimation. This is probably why we are here to help you explore the agile software development cost estimation process.
How to estimate software development time?
Below is a rough flowchart of the software development time estimation based on the above mentioned factors:
Soft modifications in the project
- Small- 1-2 weeks
- Medium- 2-6 weeks
- Large- 2-6 months
- Enterprise- 4+ months
Web development
- Small- 3-6 weeks
- Medium- 4-8 weeks
- Large- 6-18 months
- Enterprise- 10+ months
Soft Integration
- Small- 2-6 weeks
- Medium- 2-6 weeks
- Large- 6-12 months
- Enterprise- 6+ months
New web/app development
- Small- 6-8 weeks
- Medium- 9-12 weeks
- Large- 6-18 months
- Enterprise- 8+ months
Expert key tips for making accurate software development time and cost estimates
So, with all this in mind, it is concluded that making estimates is hard. To understand how much custom software development costs, your best bet is to seek professional guidance to guide you with the right software development cost estimate with a technical mindset.
Learn more about how a custom software company works and what is the process and cost estimations as well.
