subject: How to Leverage the Power of Outsourcing Product Development ? [print this page] Outsource product development has caught maximum number of eye balls in the business world. Bygones are the times when it was all about software vendors' abilities to build new products. With existing dynamic market conditions, the software companies, which are able to offer customized offshore product development services of superior grade in the minimal time frame possible are considered as successful.
Software product development is inclusive of services such as software research & development, outsourced software documentation, customized software solutions, outsourced product support, outsourced product testing, outsourced document management, outsourced process enhancements etc. Since this has emerged as a promising business concept, it calls for sharpened business acumen and formulation of more impactful satisfaction methodologies.
Now the next question arisesHow to leverage its full potential? To reap its benefits, one must be aware of the arenas in which the power of outsourcing product development can be fully tapped. It's highly beneficial under following situations:
When there is a requirement of expertise since the in-house team faces dearth of time to focus solely on product development.
When the resources available do not suffice for efficient product development then outsourcing product development can be conveniently resorted to.
There is a need of reducing the product life cycle.
If there is a requirement for building modular product to incorporate certain functionalities.
The cost incurred on product development is much higher if the in-house team focuses completely on development of product.
If there is an urgent need of integration of standard practices in the ongoing process of development.
If there is a need to save the product from the phase of technological obsoleteness.
To capitalize on the concept of outsourcing product development, huge multitudes of outsourcing companies delivering offshore product development services have surfaced on the World Wide Web. These companies aim to help ISVs across the globe in helping them save their product development endeavors, time and cost. However, choosing the right offshore company as per the business requirements is a big challenge. It's where the intelligence quotient comes into the picture since any wrong decision here is a recipe for disaster.
Say Hello' to Outsourcing Product Development if you haven't until now!
