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Posts Tagged ‘OUTSOURCED PRODUCT DEVELOPMENT’

6 simple ways to make your product development outsourcing successful

Often, insecurity sets in when outsourcing product development to a 3rd party development company. If done right, the partnership will be very rewarding and will help you release quality products to market faster. In this post, I have covered 6 simple ways by which product outsourcing can be made successful.

1. Leverage an in-house architect who has control in specifying the roadmap for your product development. Doing so will help you clear the requirements, build the specification, determine what technology to use, and scope the architecture so that it can be safely outsourced
2. Outsource development while keeping product definition, systems architecture and quality assurance in-house
3. Keep it agile as this will allow the outsourcing organization to continue managing the requirements and have the flexibility to change the requirements when needed. The critical success factor here will be whether the development team is able to deliver what it is committing for every iteration
4. Set expectations upfront and have timely communication. It’s also important to ensure availability to communicate. This will help the project run smoothly and make necessary adjustments
5. Define measurable project deliverables so that performance and quality can be monitored
6. Share your product roadmap, customer inputs and customer successes with the provider

The Significance of Time, Budget and Scope in Product Development

Recognition of time, budget and scope as the three variables in product development is of paramount importance. At the outset, it is essential to have two of the variables fixed, otherwise we will never get the product out. Whenever someone says, they can launch a product on time, on budget, and on scope, take it with a bucketful of salt. It almost never happens and when it does, quality often suffers.

Ideally, which are the two variables that one should keep fixed? If you’re a product company, it necessarily has to be time and budget, for one should never throw more time or money at a problem. Additionally, during your product engineering phase itself, your product marketing would have gone to the market in promoting it and it doesn’t make sense to miss the timelines.